The Financial Daily 28-2-2017

www.thefinancialdaily.com

Simultaneously published from Karachi and Lahore International

Dar chairs meeting at Inside Pages: Tuesday
PBS to review census
#2: Enviro Electronics' lucky draw held February 28, 2017
preparations #3: Unity, integrity urged to eliminate terrorism Jamadi-ul-Awwal 30
#4: Rangers inducted in Punjab
See Page# 8 #5: Sterling hits 12-day low as Brexit jitters return Vol#10 Issue# 173
#6: Cautious ahead of Trump speech Pages 8 Rs 12

KARACHI EDITION

Economic Indicators TOP NEWS::::TRUMP SEEKS ‘HISTORIC’ INCREASE OF 9PC IN DEFENCE SPENDING

Forex Reserves (17-Feb-17) $21.929bn Preceding 22nd Meeting of ECO Council of Ministers ends;
Inflation CPI% (Jul 16-Jan-17) 3.85% Pak wants peace in Afghanistan, ready to take all possible steps
Exports (Jul 16 - Jan 17)
Imports (Jul 16 - Jan 17) $11.69bn Pakistan vows to
Trade Balance (Jul 16 - Jan 17) $29.11bn be committed for
Current A/C (Jul 16-Jan 17) $(17.43)bn
Remittances (Jul 16-Jan 17) $(4.72)bn
Foreign Invest (Jul 16-Jan-17) $10.95bn
Revenue (Jul 16 - Jan 17) $742.9mn
Foreign Debt (Dec 16) Rs 1,850bn
Domestic Debt (Dec 16) $74.13bn
Repatriated Profit (Jul 16-Dec 16) Rs 14,541bn
LSM Growth (Dec 16) $949mn
GDP Growth FY16
Per Capita Income FY14 7.04%
Population 4.70%
$1,386
194.16mn

Portfolio Investment progress of world

SCRA(U.S $ in million) -426.92 Islamabad Declaration for 13th ECO summit has been finalized,
20.60
Yearly(Jul, 2016 up to 24-Feb-2017) 16.22
Monthly(Feb, 2017 up to 24-Feb-2017) 8,208
Daily (24-Feb-2017)

Total Portfolio Invest (17-Feb-2017)

NCCPL

(U.S $ in million) -11.91 focuses on connectivity among the member states, says Aizaz KARACHI: Governor Sindh Muhammad Zubair talking to Chinese Consul General Karachi
16.68 Wang Yu who called on him at Governor, here Monday. - APP photo by Syed Abbas Mehdi
FIPI (27-Feb-2017) 3.51 ISLAMABAD: Foreign Rouhani arrives for
Local Companies (27-Feb-2017) -6.07 ECO summit today
Banks / DFI (27-Feb-2017) 0.41 Secretary Aizaz Ahmad Imran, Miandad oppose Petroleum prices
Mutual Funds (27-Feb-2017) -2.33 likely to increase
NBFC (27-Feb-2017) 0.88 Chaudhary has said that draft of CM Punjab's
Local Investors (27-Feb-2017) go ahead for
Other Organization (27-Feb-2017) the Islamabad Declaration of the

13th ECO summit has been final-

Global Indices ized focused on the connectivity

among the member states. ISLAMBAD: Iranian president Hassan Rouhani will arrive in
Pakistan today (Tuesday) to attend the 13th summit of the
Index Close Change Briefing media after the con- Economic Cooperation Organisation (ECO) heads of states. PSL final in by Rs 2-3/liter
487.25 Lahore
KSE 100 48,520.75 176.07 clusion of two-day Senior In a statement, Parviz Esmaeili, deputy chief of staff for com-
40.65 munications and information at the President Rouhani's office Monitoring Report
Nikkei 225 19,107.47 80.09 Officials Meeting of ECO mem- said, "Rouhani's visit to Pakistan will come at the official invita-
28.17 tion of Prime Minister Nawaz Sharif." ISLAMABAD: Punjab Chief
Hang Seng 23,925.05 1.66 ber countries in Islamabad on Minister Shahbaz Sharif gave
1.25 See # 19 Page 7 on Monday the go-ahead to
Sensex 30 28,812.88 33.43 Monday evening, he said that the hold the Pakistan Super League ISLAMABAD: The govern- The Oil and Gas Regulatory
(PSL) final in Lahore. ment is likely to increase the Authority (OGRA) is expected to
ADX 4,628.56 declaration will be adopted in the prices of petroleum products by finalise a summary and would
See # 3 Page 7 two to three rupees per liter submit a proposal to the con-
SSE COMP. 3,253.03 meeting of the heads of states from March 1, 2017. cerned ministry for final approval.

FTSE 100 7,242.45 and governments of the member The government officials are The government kept the
cautiously working on the issue petroleum prices unchanged for
*Dow Jones 20,788.33 states chaired by the Prime will be presented to the Council the summit is on connectivity in of petroleum product prices for almost six months from May to
of Ministers meeting of ECO the sectors of energy, infrastruc- the last two months.
*Last Updated 20:00 PST Minister Muhammad Nawaz member states to be held in ture, transport and trade among See # 4 Page 7
Islamabad tomorrow. the regional countries and
Subscribe now Sharif on Wednesday.
He said that the main focus of See # 2 Page 7
Tel: 92-21-35311893-6 He said the recommendations
Fax: 92-21-35388427
of the Senior Officials Meeting
Email: editor@ thefinancialdaily.com

2 NATIONAL Tuesday, February 28, 2017

Dar urged IMC initiates late Imports from Yousuf was terminated as head constable, son Arif is a cop
to ensure delivery payments Afghanistan
SME friendly against RC Father, son nabbed,
budget to its customers through EIF cash, articles worth
millions recovered
KARACHI: The Union KARACHI: It may be

of Small and Medium recalled that all imports

Enterprises (UNISAME) into Pakistan are required

urged the Federal Finance to be made compulsorily

Minister Senator Ishaq through Electronic Import

Dar to ensure an SME Beenish Abbas made to the customers on newly introduced Toyota Form (EIF). The EIF was
the amount paid for the Fortuner SUV and the
friendly budget and make KARACHI: Consumers bookings. Hilux Revo Pickup and its implemented with a view
have started to witness flagship product Toyota
provisions of sufficient Auto policy's benefits spe- This was done mainly to Corolla that continues to to curb the illegal and KARACHI: NAB Dirham 3405 (Pak Rupees Town Karachi; 120
cially meant for their con- encourage early delivery outperform the market. 97187.05); Prize Bonds Payment receipts made
funds for SME promotion venience though the gov- of vehicles and also to duplicate payments of Karachi, on a tip-off, con- worth Rs. 1.21225 mil- for Bahria Town plots;
ernment is yet to legislate ensure customers get some CEO IMC, Ali Asghar lion; Gold Ornaments Vehicles physically recov-
and development in letter some of the crucial parts form of compensation to Jamali said that in view of imports from Pakistan by ducted raids within juris- 39.4 Tolas + Imitation ered worth (approx.) Rs.
of the policy. offset the opportunity cost extraordinary demand, Jewelry (Pak Rupees 14.3 million.
and spirit as mere lip sym- of booking as opposed to certain Corolla variants unscrupulous elements, diction of Latifabad No.9 2029100); One Rado wrist
In June of 2016, immediate delivery. As per have delivery period in watch; Bank Accounts The preliminary interro-
Government of Pakistan the policy, the law was to excess of 60 days. IMC is says a Press release. Hyderabad and arrested and transactions likely to gation has revealed that
notified much awaited be formalized through an compensating all such run in billions (Approx. Muhammad Yousuf was
pathy will not promote the auto policy with an aim to SRO, that would enforce it customers with late deliv- In this regard, it was two accused persons 20 accounts in various Head Constable and ter-
invite investment, increase as a binding on the auto ery penalty payments. Banks, mostly in Soneri minated from service on
sector which has become choices for the masses and industry to follow this However, he clarified that observed that due to pecu- namely Muhammad Bank where Rs. 20 mil- corruption charges where-
ensuring consumer wel- norm. not all Corolla variants lion to 70 million in cash as his son Arif Yousuf is a
noncompetitive due to fare through measures that have long delivery times; liar nature of trade with Yousuf and his son Arif was deposited over the Police Constable still
safeguard their interest. Interestingly, to date no certain models are avail- years in each account. serving in Sindh Police
global challenges. SRO has come from the able within the 60 days' Afghanistan through land Yousuf on 25th and 26th More than 20 Benami District Hyderabad.
Under the "Consumer government that mandates timeframe. Bank accounts were also
UNISAME expects an Welfare" section of The this consumer welfare routes, especially via Feb 2017, respectively. unearthed; One marriage The preliminary interro-
Auto policy, a few features practice. He said IMC has always hall at Latifabad worth gation has also revealed
SME friendly budget from specifically relate to the been an industry leader in Torkham and Chaman Inquiry has been regis- Rs. 30 million; Sale Deed that both the arrested
purchase experience of the Notwithstanding the terms of introducing new of a plot in Latifabad accused persons have
a business friendly PML- customer. The policy stip- lack of legal formality, trends and initiatives, borders, Pakistani tered against them, says a worth Rs. 28 million; been working in con-
ulates that automakers do Indus Motor Company aimed at creating value for Documents of almost 10 nivance with certain gov-
N government, says a not accept more than 50% limited (IMC), the manu- customers. Earlier in importers were facing dif- Press release. plots in Bahria Town, ernment officials and also
prior payment for booking facturer and distributor of 2013, IMC was the first Hyderabad, Surjani Town in capacity of front-men
Press release. the vehicle. Furthermore, Toyota Vehicles in company to introduce the ficulties to carry out On the pointation of etc; Documents of 3 shops for parking of cash, buy-
if the delivery exceeds 2 Pakistan has voluntarily facility of booking vehi- in Boulevard, Hyderabad; ing and selling of proper-
President UNISAME months from the commu- commenced making late cles on partial payment, import transactions Muhammad Yousuf, his Documents of 5 Flats in ties in their names and in
nicated delivery date, delivery payments to cus- whereby a Toyota vehicle Bahria Town etc; the names of other
Zulfikar Thaver said the interest payments amount- tomers. IMC is presently could be booked from as through EIF. house and business place Documents of around 6 benamidars, on their own
ing to Kibor +2% are to be facing with robust demand low as Rs. 500,000. Houses in Latifabad behalf and on behalf of
SME sector is the majori- for its vehicles such as the In order to address these were thoroughly searched Hyderabad and Bahria certain officials to act as
important part of money
ty sector and deserves to difficulties and to facili- wherein following proper- laundering process.

be facilitated through the tate traders of the above ties including cash, gold,

Small and Medium regions, the procedure for and unexplained docu-

Enterprises Development registration of contracts ments of unaccounted for

Authority (SMEDA). He and payments there properties were recov-

demanded the strengthen- against has been simpli- ered, whose cumulative

ing of SMEDA to make it fied. Now, the require- worth as per current mar-

strong to help, support, ment for routing of ship- ket value runs in millions.

facilitate and motivate the ping documents against The details of the proper-

sector and encourage the registered contract ties are as under: Cash

entrepreneurs to rise to the through banks shall not be Pak Rs. 3.89815 million;

next level. He regretted mandatory for imports Cash Irani Riyals 20 mil-

that SMEDA is left alone from Afghanistan through lion (Pak Rupees.

to die its own death and land routes. 64697.99); Cash Saudi

does not even have a full The Pakistani importers Riyals 745 (Pak Rupees

time chief executive offi- may now directly receive 20823.57); Cash UAE

cer (CEO). It needs to be shipping documents from Impact of census on

headed by a private sector Enviro Electronics' the Afghani exporters and

expert who could bring get the goods cleared after

vision and dynamic lead- attachment of Goods

ership for SME promotion Declaration(s) with EIF. family planning

lucky draw held Once the importer gets the

on modern lines. contract registered and

He said the size and EIF approved with the

strength of SMEDA needs bank for multiple ship- KARACHI: Population Press release. count but should collect
censuses are conducted to It's estimated that the important demographic
to be increased to enhance ments, the importers shall assist the government, data as well. It's this impor-
businesses and others to population of Pakistan rep- tant portion of the data that
its scope to enable it to not be required to take stock of the socio-eco- resents 2.56 percent of the is vitally needed to plan the
nomic health of the nation. world population which future of the country. For
reach the SMEs in every approach the bank again Data collected by conduct- arguably means that one example, employment,
ing this exercise is used by person in every 39 people education, basic health,
district. and again for approval of government, demogra- on the planet is a Pakistani socio-economic condi-
phers and economists to which points to the dire tions, growth and decline
Thaver demanded a EIF. plan the future socio-eco- need of family planning of various communities,
nomic needs of the country services in the country. family planning awareness
SMEDA of international The relaxation is and to do better and more and other key factors can
accurate forecasting and Taking the census is now be covered by conducting
standard having sufficient expected to provide mani- planning to meet the grow- more of a function of con- an all comprising popula-
ing requirements, says a venience than obligation. tion census.
personnel, funds and affil- fold benefits to the Census data should not be
limited to being just a head
iations and linkages to importers of above region

world chambers of com- by reducing their cost of

merce and SME promo- doing business and effi-

tion institutions. cient processing of goods

The articles of associa- clearance at Customs

tion and memorandum of Stations bordering

SMEDA aim at providing Afghanistan.

education and information

to the sector based on

training, up gradation,

transfer of technology and

uplift of the sector.

It is the incumbent duty

of SMEDA to conduct

regular courses and train- KARACHI: GM Enviro Zaheer Ahmed along with his team distributing tickets to

ing and promote modern- lucky draw winners.

ization of SME units. KARACHI: Enviro tournament live in Dubai. industry continues to grow
recently held an exclusive Numerous exciting rapidly, Enviro is ventur-
Thaver invited the atten- offer to reward its loyal ing into many new product
customers, the Pakistan prizes and high-valued categories to expand its
tion of the FM to the lack Super League (PSL) electronic products were market-share.
Grand Lucky Draw. This also won by 6 lucky cus-
of interest of the govern- generous activity was con- tomers, who also partici- At Enviro, we carry out
cluded at the Green's pated in the lucky draw. the latest manufacturing
ment in SMEDA and Cricket Ground, Model This lucky draw was held techniques, source the
Town Lahore today. A by Enviro Electronics, in highest quality compo-
pointed out that this is the lucky winner was reward- which every customer nents, and implement the
ed with a free trip to who bought any Enviro best management prac-
reason of slow growth of Dubai, whereby 6 lucky product before 20th Feb tices, which is why we
winners received exciting 2017 had a chance to win always make it better! Our
the sector. prizes and high-valued gifts. The Grand Lucky ergonomically designed,
electronics, says a Press Draw was covered easy to use product range
Secondly he urged the release. through Enviro's live is tailor made for the
Facebook coverage. Pakistani household. Our
FM to ensure implementa- The winner of the 'free rigorous product testing
trip' with a return-ticket to Enviro is a leading man- ensures that all products
tion of the National Dubai was Nazim Ali ufacturer of a diverse do very well in terms of
from Rawalpindi. By sim- range of home appliances, our standards in longevity
Financial Inclusion ply entering the lucky consumer-electronics and and reliability. All our
draw with the purchase of power-solutions. Through products come with a
Strategy (NFIS) to ensure a Microwave oven from this vibrant campaign, valid warranty that is
Enviro, he will now be Enviro aims to achieve a backed by the promise of
inclusion of every seg- participating in the stronger brand-image and prompt after sales service
Pakistan Super League gain more popularity. all over Pakistan.
ment of the society in While the electronics

financial inclusion. He

appreciated the role of

State Bank of Pakistan for

making finance affordable

for the SME sector.

However he lamented that

the mark up rate is very

high for the micro sector

and urged the micro

finance banks to improve

their productivity, prof-

itability efficiently and

their portfolio.

Convention on joint strategy for tax reforms and removal of discretionary powers

KCCI issues joint communique

KARACHI: A convention

of Chambers of Commerce

and Industry and Trade

Associations from all over

Pakistan was organized by

Karachi Chamber of

Commerce & Industry on

Monday, to discuss and

formulate a joint strategy to

seek resolution of issues

and problems faced by KARACHI: Chairman Businessmen Group & Former President of the Karachi

trade and industry all over Chamber of Commerce and Industry Siraj Kassam Teli along with Presidents/

Pakistan due to harass- Representatives of different Chambers of Commerce & Industry and Trade

ment, extortion and arm- Associations across Pakistan addressing a press conference at the conclusion of All

twisting by the taxation Pakistan Chambers Convention at a local hotel Monday. Vice Chairmen BMG Tahir

authorities having Khaliq and Haroon Farooki, President KCCI Shamim Ahmed Firpo, Vice President

immense discretionary Muhammad Younus Soomro, former Presidents KCCI AQ Khalil, Abdullah Zaki,

powers and utter disregard Younus Muhammad Bashir, and others are also seen in the picture.

for the budget proposals their views, suggestions 1. All the Chambers and Budgetary Proposals which
and input for the joint strat- Trade Associations, signa- were submitted by the par-
submitted by the chambers egy to counter arbitrary and tory to this communique ticipant chambers and asso-
unilateral approach of FBR will not submit any propos- ciations during the last 4
and associations every officials, policy-makers als or recommendations for (Four) financial years since
and Ministry of Finance. the Federal Budget for the these were entirely ignored
year, says a Press release. fiscal year 2017-2018. and disregarded. Therefore
After due deliberations, the submission of any new
The Chambers and participants of the conven- 2. The Ministry of proposals would be an
tion have agreed on a joint Finance and Federal Board exercise in futility.
Associations which partici- strategy and issued the fol- of Revenue are hereby
lowing decisions: urged to first implement See # 1 Page 7
pated and represented in

the convention included all

major Chambers and Trade

& Industry associations

and their nominated repre-

sentatives who provided

Tuesday, February 28, 2017 NATIONAL 3

Three dacoits CPEC to Pakistani woman
killed in promote
police trade with among '10 Best
encounter neighbours:
Malik Teachers in World'
MULTAN: At least three
dacoits were killed in an ISLAMABAD: Former
alleged police encounter
in Jalalpur area near Ambassador, BA Malik
Multan on Sunday.
on Monday said that ISLAMABAD: Salima ing for themselves ber of research articles.
According to details, Her leadership has result-
police from Makhdom Vhina Pakistan Economic Begum, a Pakistani through the information ed in her being made head
Rashid Police Station teacher of her school, and
were taking two under- KARACHI: Director Education Sher Ali visiting the examinations centres running Corridor (CPEC) would teacher born in remote they receive, and holds under her guidance stu-
custody dacoits to Jalalpur under Baldia East on the directive of Chairman Baldia East, Moeed Anwar. dents have performed
for recovery of looted promote trade ties with village of Gilgit- that classroom activities exceptionally well in offi-
goods when their accom- cial examinations, result-
plices opened fire at the neighboring countries, Baltistan, has made it to should correspond closely ing in an increase in enrol-
police party. The under- ment in her school.
custody dacoits, Nadeem SDG progress in Asia and the Pacific which would ultimately the top ten finalists of to real-life situations.
and Bilal, were killed by Salima has adopted the
the firing of their own ESCAP, BC to promote prepare the ground to Global Teacher Prize Currently, she teaches in technique of developing
accomplices. social enterprise, social students' local wisdom
make Pakistan a trade hub 2017. Elementary College for and to make students
Police also returned the impact investment brainstorm about their
fire as a result one more in the entire region. The Global Teacher Women in Gilgit. contribution to society
dacoit was killed while with their knowledge.
two other managed to Talking to Radio Prize is a one million dol- "Throughout her career,
escape from the scene. Developing ethical, moral
Pakistan, he said it is pos- lar award for an excep- Salima has contributed to and social values in her stu-
Police have shifted the dents has been top of her
bodies of the dacoits to itive omen that all region- tional teacher who has teacher training, instruct- priority list. For example,
Nishtar Hospital, Multan she designed and imple-
for autopsy while started a al countries including made an outstanding con- ing more than 7,000 mented an environmental
search operation to arrest project with her children
other dacoits. - NNI Turkey want to be part of tribution to the profes- teachers across her and the local community, to
produce organic fertilizers
the China Pakistan sion. province, and 8,000 more which was a great success,
the website said. - NNI
Economic Corridor Salima is going up throughout Pakistan

(CPEC). against finalists from through the education

He said with construc- Jamaica, Spain, the reform programme,"

ISLAMABAD: The region. Their aim will be the transition to a sustain- tion of the route, people of United Kingdom, reads information about
British Council and the to support countries to able future. Several gov-
United Nations Economic promote social innova- ernments in the Asia- the area would have Germany, Canada, Brazil, her bio posted on Global
and Social Commission tion, inclusion, sustain- Pacific region as well as
for Asia and the Pacific able job creation, and the United Kingdom access to modern facilities Australia, Kenya and Teacher Prize website.
(ESCAP) today signed a address some of the Government have been at
collaborative agreement social and environmental the forefront of innova- of life, in addition to hav- China for the US $1 mil- The United States
to promote the growth of challenges the region tive policymaking on this
social enterprise and faces through private sec- agenda. The partnership ing more opportunities to lion award. Agency for International
social impact investment tor models. between ESCAP and the
across the Asia-Pacific British Council will pool get jobs to earn livelihood Though her own educa- Development has
region as a means of sup- Social enterprises har- this rich expertise and
porting progress on the ness trade, investment share effective practices in a respectable manner. tion has been marred by acknowledged her contri-
Sustainable Development and business activity more broadly to shift this
PSL Final in Goals (SDGs), says a towards social and envi- movement from the mar- He also expressed the lack of resources, she bution to their Teacher
Lahore paints Press release. ronmental objectives and gins to the mainstream.'
us as a brave are increasingly recog- confidence that initiatives strongly believes in stu- Education project, and she
nation: Kanwar The British Council and nized as critical drivers of Sir Ciarán Devane, the
ESCAP will cooperate to innovation for sustain- Chief Executive of the in the area of road, energy dents 'constructing' mean- has also published a num-
provide research, analy- able development. A British Council, said, 'The
sis, training, policy dia- growing body of research British Council is delighted and trade will open new
logues and offer guidance indicates that social to partner with ESCAP to
to support policy makers enterprises are creating foster social enterprise and vistas of opportunities for President Masood Khan tells media
and other stakeholders in jobs for disadvantaged social impact investment
formulating and imple- groups, empowering across the Asia Pacific the regional countries. AJK industrial zone,
menting policies and women and young peo- region. By supporting poli-
strategies that foster ple, and addressing social cy makers to create condi- He highlighted, to gain
social enterprise and cre- exclusion across the tions in which social enter-
ate enabling environ- Asia-Pacific region. prise can thrive, we aim to maximum benefits from
ments for social impact jointly promote innovative
ISLAMABAD: Holding investment. Dr. Shamshad Akhtar, solutions to entrenched CPEP, we have to
Executive Secretary of social and environmental
PSL Final in Lahore is a In support of this agen- ESCAP, said, 'The con- problems, spur sustainable improve internal situation hydel projects get
da, the British Council cepts of social enterprise and inclusive development,
bold but very good deci- and ESCAP will endeav- and social impact invest- and provide further evi- of the country. If we
our to increase collabora- ment have been gathering dence of the critical roles
sion by the Government tion and participation by momentum in the region. that social enterprise and improve law and order sit-
all stakeholders in Asia The three dimensions of social impact investment
of Pakistan to show-up and the Pacific and to sustainable development can play in support of the uation and control terror-
design programmes and embodied in the SDGs - Sustainable Development
national courage in cur- policies that are contextu- economic, social and Goals.' ism, sky is the limit for nod under CPEC
ally relevant to the environmental - underpin
rent country's security Pakistan.

scenario and would help Central Asian states and

in bringing back interna- Turkey together could

tional cricket to Pakistan - bring a boost to the ISLAMABAD: President of Pakistan government Nawaz Sharif had coura-
was effectively working
said Chairman PSSP CPEC, he added. Azad Jammu and Kashmir on education, infrastruc- geously highlighted
ture, health and tourism
Kanwar Muhammad Moreover, he said Sardar Muhammad sectors, adding measures Kashmir issue in United
had been taken to promote
Javed Iqbal, says a Press Operation Zarb-e-Azb Masood Khan Sunday said tourism sector as Kashmir Nations General Assembly
had great potential of nat-
release. gained good results. - NNI industrial zone in Bhimber ural beauty. (UNGA).

Kanwar Javed empha- 12 injured in district and hydel power He said several high- He said AJK was base
alleged firing ways had been constructed
sized that all stakeholders by guard of projects had been to connect AJK with camp of freedom move-
PML-N MPA Pakistan and to provide
should support all such approved in AJK under comfortable travelling ment of Kashmir issue as
brother facilities to the com-
decisions which are taken China Pakistan Economic muters. Pakistan and AJK wanted

in larger interest of our Corridor (CPEC) which He said focus had been independence of Kashmir
given on investment from
beloved homeland, would bring development other countries as well. from India.
AJK President said the
though the current deci- in the area. government was making He said India was not
all out efforts to reduce
sion involves high level Talking to state-run unemployment and pro- sincere to resolve linger-
vide quality education to
risk factor. He appealed media, he said CPEC the people of area. ing Kashmir issue but

civil society and all other would bring economic Replying to a question, Pakistan wanted to resolve
he said Prime Minister
actors of the society to get FAISLABAD: At least 12 revolution not only in Kashmir issue through
people were injured in
united against all negative alleged firing by guard of Pakistan but AJK as well. dialogue.
Pakistan Muslim League-
forces in order to give a Nawaz (PML-N) MPA's He said under the vision He said India was trying
brother in Tandlianwala
strong message and show- area on Monday. of Prime Minister Nawaz to settle Indian army

case a good counter-narra- According to details, a Sharif, AJK government retired soldiers in the
protest rally led by
tive against terrorism and Anjuman-e-Tajran was was working on improv- Occupied valley but
carried out against inde-
all other hidden elements cent behavior of MPA ing good governance, eco- Kashmiris would not
Jaffar Ali's brother Sher
working against the feder- Ali. nomic stability and inde- allow them. Masood Khan

ation of Pakistan. During the protest, Sher pendence of Kashmir from said Pakistan would con-
Ali and local body chair-
He congratulated man's gunmen opened India. tinue support Kashmir
indiscriminate firing and
Pakistan Cricket Board wounded 12 people who Masood Khan said AJK cause till its freedom. -
were shifted to the hospi-
(PCB), rejected the criti- tal where doctors referred government with the help NNI
two of them to Faisalabad
cism by political groups hospital. Unity, integrity urged

as observed in mass- Traders have staged
protest against the mishap
media and urged to avoid at Faisalabad and Okara
roads and chanted slogans
any political mileage on against the concerned
officials. They also
such a national decision burned tyres and demand- to eliminate terrorism
ed to lodge First informa-
showing courage of the tion Report (FIR) against
the culprits.
nation.
Heavy contingent of
Shiraz KARACHI: Director Education Sher Ali visiting the examinations centres running security forces arrived at Mubashar Naqvi The AJK Prime the success of Pakistan's
'involved' in under Baldia East on the directive of Chairman Baldia East, Moeed Anwar. the scene and cordoned Minister lauded Pakistan foreign policy.
off the area whereas the M U Z A F FA R A B A D : army for foiling the nefar-
six murders Saudi Arabia deports protest of the merchants is Prime Minister Azad ious designs of the ene- He invited opposition
100 Pakistanis under way. - NNI Jammu and Kashmir Raja mies and protecting the parties to join hands with
KARACHI: Arrested Farooq Haider Khan has ideological and geograph- the government for the
gang war suspect Shiraz ISLAMABAD: Saudi Iranian officials. Arrested orchestrated by Islamic Two bogies of stressed on the need for ical frontiers of the coun- progress and development
Comrade has confessed to Arabia has deported 100 people were handed over Bolan Express unity and integrity to try. of Azad Kashmir.
six murders. Pakistanis for staying ille- to administration of State (IS) group as well as eliminate terrorism from
gally. Taftan. derail the country. He termed operation Earlier, talking to news-
During the initial inves- in crimes of drug traffick- Raddul Fassand as a good men at the Press Gallery
tigations, the arrested sus- According to details, a A report published by Winding up the debate omen after successful of Azad Jammu and
pect also admitted to have special flight SV-3380, Saudi Gazette illustrates ing, thefts, forgery and on various resolutions operation Zarb-e-Azab. Kashmir Legislative
been involved in other with deported Pakistanis that Kingdom of Saudi tabled in Azad Jammu The Assembly he said that
crimes including extor- onboard, landed at Arabia has deported at physical assaults. and Kashmir Legislative work on projects under
tion and kidnapping for Benazir International least 39000 Pakistanis in Assembly here on AJK Prime Minister China Pakistan Economic
ransom. Airport Islamabad. last four months. Furthermore, 82 Monday, he strongly con- said that whole nation is Corridor would be started
demned fresh wave of ter- standing shoulder to in Azad Kashmir soon.
According to details, Immigration officials Saudi newspaper stated Pakistanis have been rorism and said that ene- shoulder with its vailiant
the terrorists named took them under custody that deportations were mies have kept an evil eye armed forces. Farooq Haider Khan
Farhan aka Dada, who after verification of their carried out for violating imprisoned in Saudi jails on Pakistan due to its said he would make his
had been arrested by documents. rules of residence and strategic and geographi- He said India is trying best efforts to come up to
Mochco police, admitted work. on terror suspicions. cal location. However, to isolate Pakistan in the the expectations and trust
to have killed six people. In another similar inci- their nefarious designs world but it had miserably posed by Prime Minister
The suspect kidnapped dent, 89 Pakistanis, in an The report also claimed Abdullah Al-Sadoun, would not let to be suc- failed as thirty five coun- Muhammad Nawaz Sharif
three members of a politi- attempt to enter Europe involvement of Pakistanis ceeded. tries of the world partici- and PML-N on him.
cal party in 2014 from illegally, were nabbed by in terrorist activities chairman of the security pated in military exercise
Muhajir Camp and mur- He appealed to all the in Pakistan which is evi- He said that Federal
dered them in Moachh committee of the Shoura political parties to set dent of the success of Minister for Planning and
Goth. aside their political differ- Pakistan's foreign policy. Development Ahsan Iqbal
Council, called for thor- ences and support the during his recent visit to
In 2014, he also kid- government to curb the Raja Farooq Haider Muzaffarabad assured
napped Javed Bhatti of oughly scrutinising the menace of terrorism. Khan said that non-inclu- that development budget
the opposite gang and sion of India in Nuclear of Azad Kashmir will be
murdered him after tor- Pakistanis before they are Supplier's Group is also increased.
ture. He then threw the
dead body on Sparco recruited for work in the
Road. He also killed
Feroze Baloch in Kingdom, the report said.
Vachhani Muhalla in
2014 and also a man of - NNI SEHWAN SHARIF:
Wali Bhatti, all in 2014. Bolan Express, going to
Losses mounting due Karachi from Peshawar,
The suspect admitted escaped a major disaster
that gang war commander to closure of Torkham when its two bogies were
Shiraz Comrade used to derailed near Sehwan
send arms, explosives, KARACHI: National border. shut for all kinds of Sharif in the early hours
grenades through women exchequer is suffering movement until further of Monday.
and Awaan used to send loss of Rs17 million per Stats reveal crossing of order over latest wave of
the bombs. He also used day due to closure of violence being handled According to details, no
to run a drug den in Torkham border crossing. 1200-1500 trucks per day from elements in loss of life was reported in
Mowachh Goth. The gang Afghanistan. the accident.
members number around Pakistan has not yet on Pak-Afghan border
40, he said.- NNI opened crossing points on Inter-Service Public The accident disrupted
Pak-Afghan border as a including containers Relations (ISPR) of train service at the track
result of which total loss, Pakistan Army reported and Khushal Express,
in terms of customs duty filled with food for that the border was shut going to Quetta from
only, has mounted to with 'immediate effects' Karachi, was stopped at
Rs140 million, revealed NATO's soldiers. due to security reasons. the Sun Railway Station.
customs sources. The action has come in The passengers faced dif-
Pakistan has closed after seven terror attacks ficulties due to cold
Meanwhile, thousands hit multiple cities across weather and darkness.
of containers have been border after involvement Pakistan. - NNI
stuck on both sides of the According to Pakistan
of terrorists being sta- Railway sources, rescue
teams have been dis-
tioned in Afghanistan in patched to clear the rail-
way track. - NNI
current wave of terror-

ism.

Torkham border

between Pakistan and ISLAMABAD: Syed Hassan Bokhari, leader of the Pak-Turk Graduates addressing
a Press conference here at National Press Club, Monday. - Staff Photo
Afghanistan has been

4 Tuesday, February 28, 2017

The Financial Daily International Lahore and the PSL final

Editor-in-Chief: Azfar Ashary Umair Javed feel this is an appropriate response to the hosted match, just like they didn't when the that could otherwise be avoided.
Editor: Shakil H Jafri
chaos witnessed over this past month. PCB hosted Zimbabwe in 2015. In fact, if Finally, to what end will the government
Executive Editor: Manzar Naqvi
Resident Editor (Islamabad): Munawar Naqvi In the wake of a renewed militant Yet it is also easy to see why this God forbid something goes wrong, it bear all this risk? What happens after the
assault, the thought of holding the response is misplaced. This is not a critique would be much more deflating and damag- PSL final concludes successfully? Can we
Editor-at-Large: Muhammad Arif Pakistan Super League (PSL) final in of PSL, which remains a fantastic addition ing than not hosting it in the first place. actually afford the congratulatory uplift

Honorary Advisory Board Lahore appears superfluous to many. to the country's cultural scene, or of the From a purely sporting point of view, it is that would follow the event?

Tariq Iqbal Khan, FCA Amir Abbas Ashary Perhaps with good reason too: why fret and general idea of entertainment as an antidote an unnecessary political imposition on an Everyone agrees that normalcy is a fitting
Haseeb Khan, FCA Nuzaira Azam (U.S.A) expend energy over a cricket match when in troubled times. Instead, it is about three otherwise well-organised tournament; one response to terrorism. But the definition of
Prof. Zakaria Sajid (KU) the country is bleeding from every corner? things: the physical security of those that provides valuable entertainment in an what is normal needs to be laid out. People,
Asim Abbas Ashary, CPA
While this sentiment can be justified at attending; the diversion of significant entertainment-starved country. especially those residing in perpetually
Dr. A. Hadi Shahid, FCA Hasan Raza Jaffary
multiple levels, the question of bringing the resources and the message that diversion Secondly, securing an event of this mag- unsafe areas, who step out to go to school,

S. Muneer Hussain Rizvi Ismat Sabir final to Lahore lies beyond the narrow cri- sends out to vulnerable areas across the rest nitude requires the diversion of consider- work, or to buy groceries are passively
tique of playing a flute or fiddle while the of the country; and the patently manufac- able financial and human resources. resisting the spread of chaos. They are try-
Head office city burns. It is now increasingly a question tured sense of calm that could follow a suc- Hundreds, if not thousands of policemen ing their best to live normal lives by carry-

111-C, Jami Commercial Street 11, Phase VII, DHA Karachi of what constitutes an appropriate response cessful hosting. (and if some reports are correct, army per- ing out mundane acts in an entirely abnor-
Telephone: 92-21-35311893-6 Fax: 92-21-35388428
URL: www.thefinancialdaily.com to terrorism. Firstly, there is no guarantee that the sonnel) will be asked to leave their existing mal context. Securing these mundane prac-
Email Address: [email protected]
Those in charge see a successful final as state's arrangements will remain fool-proof. duties for at least a couple of days. A lot of tices should be the start and end goal of the

Lahore office a fitting rebuttal to the actual purpose of There will be upwards of 20,000 people in money will be spent in catering for the state's fight against terrorism.

24- Peshawar Block, Fortress Stadium, Lahore terrorism. Militants don't win mass appeal attendance, and much of the incoming transportation and security needs of the The question then that we need to ask is
Telephone: 92-42-6675595 Fax: 92-42-6664349
Email Address: [email protected] by bombing marketplaces. They carry out crowd will be on foot. People walking players, the management, and the VIPs in will people feel safer because Lahore was

such acts to spread chaos, induce paralysis, towards the venue will remain vulnerable attendance. secured for one evening? Or will it just

and create internal discord. In the minds of till they reach whatever security perimeter The question of money or policemen is prove to be a distraction, or worse, a cata-

Rangers inducted many (and not just those in charge), not is set up. The Pakistani state cannot guaran- not just a financial trade-off. It is also, inad- lyst for complacency for those in charge?

holding a sporting event grants success in tee the safety of everyone in attendance. It vertently, a political act. There are places in These are difficult questions that deserve to

in Punjab service of these goals. A celebration safely is lying if it says otherwise. While the this country that have only known violence be answered with clarity of thought. Most
held, on the other hand, suggests bravery in intention of those in charge of securing the and distress for the last decade. There are importantly, the framework of those
the face of adversity, and - that tiresome event may be clear, their track record of communities where nearly every family answers needs to go beyond a one-off show

word - 'resilience' in the face of distress. competence raises more than just a few has lost loved ones to militant violence. of security or a manufactured demonstra-

Will people feel safer because Lahore questions. What message does the diversion of scarce tion of resilience.

was secured for one evening? In a context marked by pervasive risk, resources to a cricket match send to those The PSL's initial success shows it will

A Rangers-led operation against terrorist sanctuaries in The thought of signalling resolve through the match itself will be carried out in an merely asking for the most basic kind of (hopefully) be around for many years. Let
Punjab has been a long-lasting demand of the opposition,
but the government has opposed it all along out of a fear a cricket match is steeped in earnestness. entirely contrived manner. Many foreign security? As citizens of the same state, the final come to Lahore in a safer one. -
that the paramilitary force might obscure working of the
provincial government, recalling Karachi as an example. Some may think otherwise, but I would players have refused to travel to Lahore, they've deserved far better protection than Courtesy: Dawn
The government has been criticized for not going vigorous-
ly against the terrorists and the opposition parties had been rather not assume that those responsible for and no one can fault them for the decision. what has historically been offered. It is The writer is a freelance columnist.
calling for a Karachi manner operation in Punjab. organising the match, and those in charge Hosting the PSL final will not do anything entirely plausible to suggest that the optics [email protected]
Following the terrorist attack in Lahore, the Punjab Apex of securing it, are doing it primarily for per- for cricket in Pakistan. International teams of Lahore hosting a cricket match, as an
Committee took several principal decisions. The provincial
government has finally come around to seek the Rangers' sonal gain. It is more likely they genuinely will not flock back after one successfully armoured fortress, will induce resentment Twitter: @umairjav
help to wipe out terrorists and their promoter. This was
done due to the fact that the police lack the potential to take The magnificent seven
on far superior trained and armed terrorists. Going by the
example of Karachi operation, the paramilitary force will Kamal Siddiqi ior purser. The senior purser blames the terminal services, cargo/ramp and Airport Malta.
have to have policing powers in order to achieve desired captain. And yet neither of them reported Traffic Control. Among its clients were These are smaller issues when we should
results. The apex committee also decided that action will be After days of procrastination, the the matter after the flight landed in Saudi Airlines, Etihad Air, Gulf Air and
taken against workers of the banned groups, and that semi- German-led management of our Madinah and neither did they take it up Qatar Air. And this man was also given be asking bigger questions which are left to
naries functioning in the tribal belt would be meticulously national airline, Pakistan with the management upon their return to charge of running the national airline. our imagination. Investigators have started
observed. The financial resources of extremist groups will International Airlines, has finally agreed to Karachi. It seems both employees were a probe after the news regarding the
be blocked by banning the collection of funds by disallowed launch an investigation into press reports under pressure from the employee union, The second conflict of interest was lease/renting of the aircraft for the produc-
organizations. It may be recalled that all these issues were that the airline flew an international flight who seem to dictate how the airline is run Azeem's reported business partner, tion of the controversial film surfaced, the
part of the National Action Plan (NAP) adopted more than with seven extra people who had to stand in more than the management. Chaudhry Munir, the man who has been real issues remain ignored.
two years ago. The apex committee decided to widen the the aisle for the entire six hours from awarded the construction of the new airport
intelligence-based antiterrorism operations and focus on the Karachi to Madinah. When such incidents come to light, PIA at Fatehjhang while the third conflict of Safety standards are compromised by
border districts of Punjab. They also vowed to ameliorate These magnificent seven passengers, is again brought into focus and questions interest was Azeem's Canadian citizenship. staff under pressure from unions who in
cooperation between various intelligence networks to tack- believed to be employees or relations of are asked about its performance and future. Azeem was a mid-level officer in Pakistan turn get their strength from the ruling party.
le the internal and external challenges. Apex committee employees, boarded the B-777 on hand- Despite tall claims of turning the PIA Air Force but was fired for holding a dual The airline is being milked not just by
vows to take uncritical action against terrorists. On the written boarding passes and were allowed around, the Nawaz government has done nationality. The Supreme Court also took employees but also through questionable
occasion, Shahbaz Sharif said the political and military to sit in the jump seats and stand in the aisle nothing of the sort. notice of this. But our prime minister con- deals on sales and supply contracts. The
leaderships were on the same page vis-a-vis the war on ter- during the entire length of the flight. tinued to keep this gentleman to run the food served on flights is sub-standard but
rorism and the terrorists would be "held accountable for How could these passengers board in the To begin with, if the intention was to national airline. no one is questioning this. Elected and non-
each drop of blood of innocent citizens shed by them". first place? Given the security protocols in clean up the airline, one wondered why elected leaders are using the airline for per-
place, one wonders whether the FIA Shujaat Azeem was appointed by Nawaz After the departure of Tariq Azeem, the sonal errands - and yet there is silence.
The negligent attitude towards all these necessary feature (Immigration) and the Airport Security Sharif as the de-facto head of the airline for prime minister appointed Bernd
of the challenge at hand raises perturb about the seriousness Force were sleeping when they allowed three painful years. This put the airline Hildenbrand as COO of PIA. Soon after a The bottom line is that things aren't get-
of the present resolve to conduct 'indiscriminate' operations those with non-computerised boarding back by decades. media campaign was launched against the ting better for PIA. Possibly it's too early to
against terrorists and their assistants. An urgent trial would passes to board. German national over his salary package say anything but the question is how long
be the job the Punjab government assigns the Rangers to It comes as no surprise that the names of Apart from being brother of Senator and lack of security clearance among other will taxpayers keep on paying for the
carry out anti-terrorism operation in the province. Rangers these seven passengers were not on the Tariq Azeem who changed loyalties from things. experiments of our lawmakers. We need to
will be given more powers in Punjab than they have in final passenger list, which in itself is both a PML-Q to PML-N soon after the Sharif sell the airline and pray for its future. That
Karachi. They will be granted stop-and-search powers as violation of aviation laws but also of local government came to power, Shujaat Azeem More recently a newspaper reported that seems the only solution. -Courtesy: The
well as the authority to arrest persons they suspect of aid- immigration and security laws. was also the co-owner of Royal Airport investigators have been looking into the Express Tribune
ing. The Rangers have been present in Punjab for some time The captain of the flight blames the sen- Services which operated at Islamabad, PIA plane (Airbus A 300) being
and the move will only increase their numbers and power. Lahore, Karachi and Peshawar airports. rented/leased to a filmmaker for the remake The writer is the former editor of
Keeping in view the growing terrorist activities in the coun- While he claimed he had resigned from the of a film based on Operation Entebbe, The Express Tribune. He tweets as
try, the Apex Committee decided that the action would be company, the fact was that RAS handled which among other places will be shot in
taken against all those acting within Pakistan as well as @tribunian
across border to kill the evil at the start. Presently the
Rangers' troops being deployed in Punjab to assist suppres- North Korea spy agency runs arms
sion on extremists will be entitled to freely conduct intelli-
gence-based operations (IBOs) in the province. The Punjab operation out of Malaysia, UN says
government, following the decision of the province's apex
committee, has requested the interior ministry to lend James Pearson & Rozanna Latiff each other's countries without visas. But On one such trip in February 2014, she with countries, such as Iran, Libya and
around 2,000 Rangers for the next 60 to 90 days to assist those ties have begun to sour after North and two other North Koreans were North Korea. Glocom's Little India
counter-terror operations in the province. According to It is in Kuala Lumpur's "Little India" Korean leader Kim Jong Un's estranged detained in Malaysia for attempting to address once housed a company owned by
well- sources, the Rangers will conduct their operations neighborhood, behind an unmarked half-brother was murdered at Kuala smuggle $450,000 through customs at UMNO Youth.
based mainly on information passed on to the force by mil- door on the second floor of a run- Lumpur's international airport on Feb 13. Kuala Lumpur's budget airport terminal,
itary intelligence sources. The paramilitary troops may down building, where a military equip- two sources with direct knowledge of the Mustapha, 67, said he had been a
decide not to share this information with police officials to ment company called Glocom says it has PAN SYSTEMS situation told Reuters. Glocom business partner "many years
prevent it from being leaked, the sources said. The Rangers its office. According to the "WHOIS" database, back" and said it has been continuously
will have the power to detain or arrest anyone and will Glocom is a front company run by which discloses website ownership, The North Korean trio told Malaysian controlled by several North Koreans,
lodge FIRs with the Counter-Terrorism Department North Korean intelligence agents that sells Glocom.com.my was registered in 2009 authorities they all worked for Pan including Kim Chang Hyok, whom he
(CTD).The Rangers will mainly focus on operations in battlefield radio equipment in violation of by an entity called International Global Systems and the cash belonged to the said he knew. He did not divulge his role
South Punjab particularly in Rajanpur and Dera Ghazi United Nations sanctions, according to a System using the "Little India" address. A North Korean embassy in Kuala Lumpur, in the company, and denied any knowl-
Khan, two districts which the police have found tough to United Nations report submitted to the similarly named company, International according to the two sources. edge of Glocom's current business.
operate in. The paramilitary troops will be authorized to Security Council seen by Reuters. Golden Services is listed as the contact
operate on their own and lodge FIRs with CTD. Reuters found that Glocom advertises point on Glocom's website. The Malaysian Attorney General decid- "We thought at the time it might be a
over 30 radio systems for "military and Glocom registered a new website, glo- ed not to press charges because of insuffi- good idea to go into business together,"
Reports that the Rangers are to enter the battle against paramilitary" organizations on its com-corp.com, in mid-December, this one cient evidence. A week later, the trio was Mustapha told Reuters about his first
terrorism in Punjab must be treated with a degree of cau- Malaysian website, glocom.com.my. showing no Malaysian contacts. Its most allowed to travel, and the North Korean meeting with his North Korean business
tion. The Punjab government has in the past strongly resis- Glocom's Malaysian website, which recent post is dated January, 2017 and embassy claimed the cash, the sources contacts. He did not say who those con-
ted suggestions that the Rangers be deployed in the was taken down late last year, listed the advertises new products, including a said. All three had passports assigned to tacts were or what they discussed. He
province, but events of the last ten days have forced the Little India address in its contacts section. remote control system for a precision- government officials, the sources said. denied any knowledge of Glocom's cur-
hand of the provincial government. In recent times, the No one answers the door there and the guided missile. rent business.
provincial government has come in action, in particular mailbox outside is stuffed with unopened Glocom is operated by the Pyongyang Malaysia's Customs Department and the
against the sectarian outfits like Lashkar-e-Jhangvi (LeJ) letters. branch of a Singapore-based company Attorney General's office did not respond Glocom advertises and exhibits its
while initiating other combing operations as well. Over In fact, no company by that name exists called Pan Systems, the U.N. report says, to requests for comment over the week- wares without disclosing its North Korean
the years, different sectarian outfits, as well as the radical in Malaysia. But two Malaysian compa- citing an invoice and other information it end. connections.
organizations like Lashkar-i-Tayyiba (LeT), have enjoyed nies controlled by North Korean share- obtained.
safe shelters in the South Punjab region. The action of the holders and directors registered Glocom's Louis Low, managing director of Pan The Pan Systems representative in "Anywhere, Anytime in Battlefield,"
provincial government against these outfits in recent times website in 2009, according to website and Systems in Singapore said his company Kuala Lumpur is a North Korean by the reads the slogan on one of several 2017
is laudable, but it should not be just a political trick. The company registration documents. used to have an office in Pyongyang from name of Kim Chang Hyok, the U.N. Glocom catalogs obtained by Reuters.
authority of the Rangers and the local law-enforcement And it does have a business, the unre- 1996 but officially ended relations with report says.
authorities must be clearly defined so that there is no leased U.N. report says. Last July, an air North Korea in 2010 and was no longer in An advertisement in the September
unfortunate incident in this context. shipment of North Korean military com- control of any business there. Kim, who also goes by James Kim, was 2012 edition of the Asian Military Review
munications equipment, sent from China "They use (the) Pan Systems (name) and a founding director of International said Glocom develops radios and equip-
Disclaimer: and bound for Eritrea, was intercepted in say it's a foreign company, but they oper- Golden Services, the company listed in ment for "military and paramilitary organ-
an unnamed country. The seized equip- ate everything by themselves," Low told the contacts section of the Glocom web- izations".
All reports and recommendations have been prepared for your information only. ment included 45 boxes of battlefield Reuters referring to the North Koreans at site. Kim is director and shareholder of
Summary and Analysis are not recommendation to buy or sell. This information should radios and accessories labeled "Glocom", the Pyongyang office. four other companies in Malaysia operat- A spokesman for the magazine con-
only be used by investors who are aware of the risk inherent in securities trading. The short for Global Communications Co. Pan Systems Pyongyang utilized bank ing in the fields of IT and trade, according firmed the ad had been bought by
facts, information, data, indicators and charts presented have been obtained from sources Glocom is controlled by the accounts, front companies and agents to the Malaysian company registry. Glocom, but said the magazine was
believed to be reliable, but their accuracy and completeness cannot be guaranteed. The Reconnaissance General Bureau, the mostly based in China and Malaysia to unaware of its alleged links to North
Financial Daily International and its employees are not responsible for any loss arising North Korean intelligence agency tasked buy components and sell completed radio He did not respond to requests for com- Korea.
from use of these reports and recommendations. with overseas operations and weapons systems, the U.N. report says. Pan ment by mail or email.
procurement, the report says, citing undis- Systems Pyongyang could not be reached Glocom has exhibited at least three
closed information it obtained. for comment. The United Nations panel, which pre- times since 2006 at Malaysia's biennial
A spokesman for North Korea's mission One of the directors of Pan Systems pared the draft report, asked the arms show, Defence Services Asia (DSA),
at the U.N. told Reuters he had no infor- Pyongyang is Ryang Su Nyo. According Malaysian government if it would expel according to Glocom's website.
mation about Glocom. to a source with direct knowledge of her Kim and freeze the assets of International
U.N. resolution 1874, adopted in 2009, background, Ryang reports to "Liaison Golden Services and International Global At DSA 2016, Glocom paid 2,000 ring-
expanded the arms embargo against North Office 519", a department in the System to comply with U.N. sanctions. git ($450) to share a table in the booth of
Korea to include military equipment and Reconnaissance General Bureau. Ryang is The U.N. did not say when it made the Malaysia's Integrated Securities
all "related materiel". also listed as a shareholder of request. Corporation, its director Hassan Masri
But implementation of the sanctions International Global System, the company told Reuters by email.
"remains insufficient and highly inconsis- that registered Glocom's website. "The panel has yet to receive an
tent" among member countries, the U.N. Reuters has not been able to contact answer," the report said. Hassan said he had nothing to do with
report says, and North Korea is using Ryang. Glocom's equipment and was unaware of
"evasion techniques that are increasing in Reuters has not received a response its alleged links to North Korea.
scale, scope and sophistication." SMUGGLING CASH from the Malaysian government to repeat-
Malaysia is one of the few countries in Ryang frequently traveled to Singapore ed requests for comment about Glocom. Aside from the North Koreans behind
the world which had strong ties with and Malaysia to meet with Pan Systems Glocom, clues on its website also point to
North Korea. Their citizens can travel to representatives, the U.N. report says. POLITICAL CONNECTION its North Korean origins.
One of Glocom's early partners in
Malaysia was Mustapha Ya'akub, a promi- For instance, one undated photo shows a
nent member of Malaysia's ruling United factory worker testing a Glocom radio
Malays National Organisation (UMNO). system. A plaque nearby shows the
Since 2014, he has been listed as a direc- machine he is using has won a uniquely
tor of International Golden Services North Korean award: The Model Machine
As secretary of the UMNO youth wing's No. 26 Prize," named in honor of late
international affairs bureau, Mustapha leader Kim Jong Il, who is said to have
fostered political connections in the 1990s efficiently operated "Lathe No. 26" at the
Pyongyang Textile Factory when he was a
student. -Courtesy: Reuters

Tuesday, February 28, 2017 Copper firms 5
on supply
Sterling hits 12-day low as Gold steady as Fed
outages ahead minutes dampen rate
Brexit jitters return of Trump
speech hike expectations
LONDON: Sterling hit a
12-day low against the LONDON: Copper
dollar on Monday, as talk
of another possible edged higher on
Scottish independence
vote added to fears about Monday as production
Britain's future as it pre-
pares to leave the stoppages at the world's
European Union.
two biggest mines lent
A report in the Times
newspaper said British support, though moves
Prime Minister Theresa
May is preparing for were muted as markets
Scotland to call a fresh
independence referendum awaited further clues on
in March, to coincide with
the triggering of Article 50 U.S. infrastructure
-- Britain's formal notifi-
cation to leave the EU. spending from U.S.

Traders said that had President Donald
weighed on the pound,
which skidded by as much Trump.
as 0.7 percent to $1.2384
in early European trade - The metal hit its high-
its lowest in nearly a fort-
night - but had recovered est since May 2015 on
some of those losses by
1350 GMT, last trading Feb. 13 on news of a
down 0.4 percent at
$1.2414. strike at BHP Billiton's

A separate report in the Escondida copper mine
Telegraph newspaper
reported that May is plan- in Chile, and a contrac- LONDON: Gold was A weaker dollar makes "Currencies, the bond
ning to curb freedom of steady on Thursday after gold cheaper for holders
movement for EU citizens some relief. Cochinos, European head sumers were starting to tual dispute that halted the minutes of the latest of other currencies, while market, gold, will all take
as soon as she triggers "While (a second of G10 currency strategy rein in spending, contra- Federal Reserve policy lower yields reduce the
Article 50. at Citi. dicting official data which operations at Freeport- meeting further dampened opportunity cost of hold- their cue from what he
Scottish referendum is) a has pointed to a slow- expectations for an inter- ing non-yielding bullion.
A spokesperson for the tail risk at this stage ... Sterling has lost nearly a down. McMoran's Grasberg est rate hike next month, Higher interest rates says on Tuesday," said
prime minister said the such risks are yet to be fifth of its value since lowering US bond yields would lift yields.
threat of a fresh Scottish adequately priced into the Britain voted to leave the "On top of soft data from facility in Indonesia. and stalling upward Bhar.
independence vote was currency," ING FX strate- European Union in a refer- the UK recently ... these momentum in the dollar. Gold prices have traded
creating unnecessary gist Viraj Patel wrote in a endum last June, with data fresh signals of a 'hard That has continued to within a range of around More details on prom-
uncertainty and division, note to clients. providing a mixed picture Brexit' and the risk of The dollar edged mar- $1,220-$1,240 since early
and that the prime minister of the British economy. another Scottish referen- support copper within ginally higher versus the February. ised government spend-
has not yet set a timetable Against the euro, ster- dum, enhances our view euro on Thursday, but
for her migration policies, ling fell 0.7 percent to a A survey on Monday that the broader outlook $100 of this month's remained off the previous Unease over the politi- ing, infrastructure invest-
which gave the pound one-week low of 85.35 showed optimism among for sterling remains nega- session's one-week highs. cal outlook in the United
pence per euro. businesses in Britain's tive," analysts from retail peak, extending gains States and Europe has ment or tax cuts would
services sector is now broker IronFX said in a Spot gold was flat at supported demand for bul-
Analysts also pointed to higher than at any time note to clients. after Friday's 1.2 percent $1,237.61 per ounce at lion as a safe-haven asset, likely push the dollar and
the likelihood that a merg- since June's vote to leave 1120 GMT, while US gold but the prospect of rising
er to create Europe's the European Union, "Our favorite proxy for increase. futures rose 0.4 percent to interest rates has kept a lid US asset prices higher and
biggest stock exchange despite the prospect of ris- any potential sterling soft- $1,238.8. on gains.
would be scuppered as a ing costs and prices erod- ness in the foreseeable Three-month copper gold lower.
reason for sterling's weak- ing profits. future is still sterling/yen, "The dollar's backed off, Investors were looking
ness on the day. considering that the loom- on the London Metal bond yields have backed ahead to an address by US "Should Trump become
Associated British ing political risks in off, and that's given a bit President Donald Trump
"The merger between Foods, owner of discount Eurozone could strengthen of support for gold," said to Congress on Feb. 28 the feared 'unguided mis-
LSE and Deutsche Boerse fashion retailer Primark, the yen due to its safe Robin Bhar at Societe that could force gold out
may be off the table and I said it was not seeing any haven status." Exchange was up 0.1 Generale. of its trading range. sile', which we still
think that's flagged senti- signs that British con-
ment," said Richard percent at $5,935 a believe is unlikely, safe-

tonne in official midday haven demand would

trading. increase even more,"

"On the fundamental Julius Baer analyst

side for copper, we have Carsten Menke said in a

the strikes, (and) we've note.

seen data recently sup- Technical analysts at

porting the notion that Reuters and

there is still some good ScotiaMocatta said gold

upside for the global was likely to break above

manufacturing cycle," its recent range.

Wheat eases for third day Danske Bank analyst Sri Lankan rupee

Jens Pedersen said.

"Then we have this

Donald Trump speech

on supply pressure, tomorrow in front of ends firmer on late

Congress.

"A lot of the price

increase we've seen exporter dollar sales

soybeans extend gains since November last

year has been on the

prospect of significant

spending on public

S I N G A P O R E / PA R I S : on Friday. expecting to sow a total of focused on the fact that infrastructure in the
Chicago wheat futures slid Soybeans rose 0.2 per- 7.2 million hectares of Brazilian farmers have
for a third consecutive ses- various spring grains, up been more patient soybean U.S., and so far, there
sion on Monday to hit a cent to $10.26 a bushel, from around 7.0 million sellers this season," said
near one-week low, with having firmed 1.3 percent last year, the agriculture Tobin Gorey, director of haven't been any real
lack of demand for US on Friday. Corn was ministry said on Monday. agricultural strategy,
shipments amid abundant unchanged at $3.64 after Commonwealth Bank of concrete plans on
global supplies weighing closing down 0.4 percent The US government pro- Australia.
on the market. in the previous session. jected a 7 percent decline this," he said. "The
in corn production in the "Wet weather has also
Soybeans rose for a sec- Wheat is under pressure 2017/18 marketing year to slowed loading at ports." market is likely look-
ond session, underpinned from rising global supply 14.065 billion bushels, but
by slow selling by which is increasing com- ending stocks were Funds appeared to be ing for any hints (on
Brazilian farmers while petition for US wheat. expected to remain bur- trimming big net long, or
corn was stable to slightly densome at more than 2 bought, positions built up that) tomorrow."
higher, snapping two ses- Argentina will likely billion bushels. in recent weeks.
sions of gains. harvest a record 18.3 mil- On-warrant copper
lion tonnes of wheat from The soybean market is Weekly data from the
The Chicago Board of the 2016/17 crop, 11 mil- finding support as farmers US Commodity Futures stocks - material not
Trade most-active wheat lion to 11.5 million tonnes in Brazil have slowed Trading Commission
contract lost 0.7 percent to of which could be export- sales of their record-large showed non-commercial tagged for shipment
$4.44-3/4 a bushel by ed, Agriculture Minister crop after prices dropped traders in the week to Feb.
1115 GMT, its lowest Ricardo Buryaile said. last week to their lowest 14 built their biggest net from LME warehouses,
since Feb. 17. Wheat since Jan. 12. long since July in corn,
closed down 1.2 percent In Ukraine, farmers will and the second-biggest and thus available to
start the 2017 spring grain "Market chatter has been since July in soybeans.
sowing in a few days, investors - fell 29,725 COLOMBO: The Sri holiday. extending the outflow
Lankan rupee ended "There was some selling from government securi-
tonnes on Friday to their firmer on Monday aided ties to 64.5 billion rupees
by late exporter dollar from a state bank in the lat- ($425.96 million) in the
lowest since May 2014, sales, but concerns over ter part of the day. Later, eight weeks.
possible further deprecia- some other banks too
exchange data showed. tion in the absence of cen- sold," said a currency deal- Sri Lanka could face
tral bank guidance er asking not to be named. balance-of-payments pres-
BHP Billiton has weighed on the sentiment, sure due to foreign out-
dealers said. The currency is under flows from government
decided to give up its pressure due to dollar securities, a government
Rupee forwards were demand from importers document showed last
legal right to replace active with two-week for- ahead of the traditional week, even as the island
wards ending at 152.00/30 Sinhala-Tamil new year in nation is in the process of
striking workers at the per dollar, compared with mid-April while foreign raising up to $2.5 billion
Thursday's close of investors continue to sell from foreign borrowing.
Escondida mine, a move 152.50/70. They hit a low government securities,
of 153.05 early in the trade dealers said. The rupee has weakened
Dollar steadies as investors aimed at sacrificing on Monday. 1.44 percent so far this
Foreign investors sold a year. It fell 3.9 percent last
some output to under- The markets were closed net 15.37 billion rupees year, following a 10 per-
on Friday for a religious ($101.29 million) in the cent drop in 2015.
mine the union's posi- week ended Feb. 22,

tion, analysts said.

eye Trump speech "We only need 1.1 mil-

lion tonnes of unexpect-

ed disruptions this year

for a small deficit (in

increasing bullish bets on copper)," Bank of
it for the first time in seven
weeks, according to America Merrill Lynch
Commodity Futures
Trading Commission data said in a note on Daily opening
released on Friday and cal- & closing rates
culations by Reuters. Monday.

The euro edged up just Hedge funds and
0.2 percent to $1.0583, as
concerns that far-right anti- money managers cut
EU leader Marine Le Pen
could win France's upcom- their net long position in
ing presidential election
continued to weigh on the copper futures and
single currency.
options to its lowest in PMEX Index 3,147
Despite another raft of Total Volume (Lots): 16,619
polls showing Le Pen los- over a month, data from Traded Value (Rs): 6,820,349,469
ing either to centrist
Emmanuel Macron or the the Commodity Futures Commodity Price Quotation
conservative Francois WTI CRUDE OIL $ Per Barrel
Fillon, investors, mindful Trading Commission BRENT CRUDE OIL $ Per Barrel Open CloseCRUDE W
of the shocks of Brexit and SILVER $ Per Ounce 54.36 54.04
Trump, have not counted showed. GOLD $ Per Ounce 56.45 56.04
her out, and many fear that GOLD Rs Per 10 gms 18.220 18.365
she could lead France out Aluminium was up 1.1 MTOLAGOLD Rs Per Tola 1,249.9 1,258.4
of the euro zone. TOLAGOLD Rs Per Tola 43,219 43,520
LONDON: The dollar view that Trump's policies sweeping plans to cut percent in official trad- GOLDEURUSD (COTS) US$ 51,688 52,480
edged up from a 2-1/2- would boost inflation and taxes for the middle class, "The changes in the GOLDGBPUSD (COTS) US$ 51,688 52,480
week low against the yen growth. simplify the tax system polls perhaps won't be lis- ing at $1,905 a tonne. GOLDUSDJPY (COTS) JPY ¥ 1.0578 1.0561
on Monday but struggled and make U.S. companies tened to, because people GOLDAUDUSD (COTS) US$ 1.2546 1.2457
to gain traction more "The FX market is going more globally competi- just don't trust them," said Other base metals were GOLDUSDCAD (COTS) CAD$ 112.750 112.037
broadly, as investors to be most reactive to any- tive, with lower rates and Rabobank currency strate- GOLDUSDCHF (COTS) CHF 0.7714 0.7675
awaited a speech this week thing in the address which changes to encourage U.S. gist Jane Foley. untraded in official COPPER US $ per pound 1.3117 1.3107
by U.S. President Trump seems to reverse what we manufacturing. RICEIRRI6 Rs Per 100 kg 1.0067 1.0076
for clues on his economic were already thinking was Sterling skidded to a rings. PALMOLEIN Rs Per Maund 2.6573 2.6875
agenda. in train," said Stephen Having hit a low of twelve-day low of $1.2384 SUGAR Rs Per kg 3,261 3,261
Gallo, currency strategist 111.92 yen in early trading on a report that Scotland LME zinc was last bid ICOTTON US Cents per pound 4,194 4,194
Trump is set make his at BMO Capital Markets in Asia, the dollar was up was preparing to call WHEAT Rs Per 100 kg 55.75 55.74
first major policy address in London, highlighting 0.3 percent at 112.29 yen another independence ref- down 0.4 percent at RED CHILI Rs Per Kg 76.36 76.34
to the U.S. Congress on corporate tax reform, fis- by 1200 GMT. Against a erendum when formal 3,412 3,411
Tuesday, and is expected cal stimulus and a rollback basket of major currencies Brexit negotiations are $2,817 a tonne after 178 178
to give some details on his of regulation as the poli- it was flat at 101.08 . triggered in March.
planned infrastructure cies investors had bet on. nearly doubling over the
spending and tax reform. Economic data on
"Anything that shrinks Friday put pressure on past 13 months. Signs of
But market participants from that would probably U.S. bond yields and the
say if the plans laid out are cause a decent reaction in dollar, showing new home tightening in the global
too vague or look slow to the dollar negatively." sales grew less than
execute that could weigh expected in January and market for refined zinc
on a dollar that reached Treasury Secretary consumer sentiment weak-
14-year highs earlier this Steven Mnuchin said on ening. means the rally may
year on the back of the Sunday that Trump will
"Trumpflation trade" - a use the event to preview But speculators have not have further to run, ana-
some elements of his counted the dollar out,
lysts said.

Lead was last bid 0.1

percent lower at $2,258

a tonne, while tin was On Friday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,147. The
total traded value of Metals, Energy and COTS/FX was recorded at PKR 6.82 billion and number of
last bid up 0.7 percent at lots traded was 16,619. Major business was contributed by gold amounting to PKR 2.83 billion, fol-
lowed by currencies through COTS (PKR 1.95 billion), WTI crude oil (PKR 1.38 billion), silver (PKR
$19,275 a tonne and 552.03 million), copper (PKR 85.56 million) and Brent crude oil (PKR 3.35 million). In addition to
this, in agricultural commodities, 43 lots of cotton amounting to PKR 17.31 million was also traded.
nickel was last bid 0.9

percent higher at

$10,955 a tonne.

6 MARKET SUMMARY Tuesday, February 28, 2017

Market Symbols KSE 100 Index All Share Index KSE 30 Index KMI 30 Index All Share Islamic Index MTS LEVERAGE POSITION

Volume: 250,993,900 Advanced 65 Current 48,520.75 Current 32,868.84 Current 26,354.86 Current 83,584.09 Current 23,101.02 Symbol Total Volume Total Value MTS Rate
Value : 11,595,280,906 Declined 325 High High High High High 23,397.68 AICL 1,097,000 68,075,338 -
Trades: Unchanged 49,081.28 Low 33,203.16 Low 26,664.35 Low 84,637.10 Low 23,090.43 AKBL 6,014,700 132,770,104
79,399 Total 17 Low Change Change Change Change ASTL 407,500 29,931,782 8.00
407 Change 48,489.74 32,807.96 26,318.49 83,437.39 L254.40 ATRL 1,823,800 704,974,062 9.00
L487.25 L297.47 L237.37 L743.47 BAFL 14,926,700 516,586,859 8.00
BAHL 267,000 13,045,086 7.00
OIL AND GAS AUTOMOBILE AND PARTS FIXED LINE TELECOMMUNICATION BOP 49,824,000 726,171,642
CHCC 196,000 29,973,631 -
Company Paid up Volume Company Paid up Volume Company Paid up DGKC 2,158,400 424,341,944 12.00
Cap(mn) PE Open High Low Close Chg Cap(mn) PE Open High Low Close Chg Cap(mn) PE Open High Low Close Chg Volume EFERT 16,746,500 993,253,386
EFOODS 1,103,000 189,104,383 -
Attock Petroleum XD 829 11.26 635.59 634.00 619.00 620.55 -15.04 21850 Agriautos Ind 144 29.92 284.00 286.00 270.00 275.00 -9.00 11100 Pakistan Telecomm Co A 37740 - 16.88 16.99 16.70 16.80 -0.08 663000 ENGRO 1,111,100 330,916,759 8.00
Attock Refinery 853 10.79 443.04 446.90 437.00 440.48 -2.56 376800 579.00 565.00 573.50 -1.50 2300 Telecard 4.40 4.46 4.25 4.27 -0.13 1086000 HASCOL 615,000 188,510,965 8.00
Burshane LPG 226 27.20 66.59 65.99 64.51 65.01 -1.58 9000 Atlas Honda 1034 - 575.00 117.00 113.30 113.31 -3.90 10700 WorldCall Tele 3000 71.17 2.27 2.31 2.17 2.22 -0.05 1304000 ISL 2,904,000 308,693,643 8.00
BYCO Petroleum 9779 21.50 20.61 20.74 -0.56 1622500 3551500 KAPCO 399,000 27,470,556 8.00
Mari Gas Company XD 1103 - 21.30 1362.90 1327.00 1349.76 3.49 6440 Baluchistan Wheels Limited 133 33.23 117.21 32.38 31.50 32.37 1.53 500 8606 - KEL 64,837,900 554,399,575 8.00
National Refinery 800 46.72 1346.27 723.00 704.00 710.37 -11.82 119350 865.00 856.00 860.63 1.38 145500 MLCF 2,120,900 239,791,733 8.00
Oil & Gas Development 43009 19.69 722.19 158.50 156.60 157.50 -0.03 467000 Dewan Motors 1387 - 30.84 272.00 263.75 264.68 -6.34 162500 ELECTRICITY NBP 1,652,000 108,914,142 8.00
P.S.O 2717 6.11 157.53 451.00 443.00 443.60 -5.92 102100 328.80 316.02 322.38 -2.99 3739000 NCL 2,084,500 115,373,317 10.00
Pak Oilfields XD 2365 8.75 449.52 483.96 471.15 473.72 -6.28 159800 Exide (PAK) 78 11.51 859.25 56450 NML 2,242,000 328,247,007 8.00
Pak Petroleum XD 19717 8.69 480.00 176.00 174.50 175.00 -1.15 455200 14.63 13.56 13.71 -0.67 50060 OGDC 782,100 104,287,920 8.00
Pak Refinery Limited 2940 6.52 176.15 43.32 41.00 42.45 0.97 1151500 General Tyre 598 52.83 271.02 795.00 780.00 782.92 -2.61 8050 Paid up PAEL 3,762,600 270,042,678 8.00
Shell Pakistan 1070 1.21 41.48 623.90 601.01 603.13 -16.40 23500 1700.00 1596.00 1596.55 -82.62 35500 Cap(mn) PE Open High Low Close Chg Volume PIOC 1,231,301 148,435,403 8.00
Ghandhara Nissan 450 - 325.37 710.50 691.00 700.50 -9.67 TPL 8,620,500 116,593,625 8.00
Company - 619.53 Volume Volume TRG 30,821,600 1,455,701,570 8.00
Ghani Automobile Ind 500 - 14.38 92.99 90.52 91.79 0.02 Company UBL 981,900 194,765,475
109000 Total 9,834,380,599 -
Honda Atlas Cars 14288699.11 785.53 40000 237,018,151 13.00
4500 12.00
Indus Motors 786 64.17 1679.17 484500 Altern Energy 3634 - 41.00 41.00 41.00 41.00 0.00 1000 8.00
6500 Hub Power 11572 15.80 133.32 134.99 131.25 131.81 -1.51 146700 9.30
Pak Suzuki 823 39.80 710.17 58000 Japan Power 1560 - -0.20 1674000
695600 K-Electric Ltd. 7932 39.79 6.31 6.54 6.05 6.11 -0.26 7441000
Sazgar Engineering 180 36.42 91.77 1300 Kohinoor Energy 1695 8.66 9.81 9.81 9.53 9.55 -0.20 22500
2500 Kohinoor Power 42.05 42.50 41.50 41.85 0.15 35500
CHEMICALS FOOD PRODUCERS 26500 Kot Addu Power 126 - 8.74 8.98 8.50 8.89 -0.30 896000
100000 Nishat Chunian Power Ltd 8803 9.28 80.37 81.10 80.00 80.07 -2.33 2004000
Paid up Company Paid up 800 Nishat Power Ltd 3673 6.69 51.29 49.50 48.73 48.96 -0.63 47000
Cap(mn) PE Open High Low Close Chg Cap(mn) PE Open High Low Close Chg 600 Pakgen Power Ltd 3541 7.09 55.63 55.50 54.01 55.00 -0.12 67500
200 Sitara Energy Ltd 3721 4.38 24.05 24.45 23.60 23.93 -0.68 1000
Agritech Limited 3924 - 12.93 13.00 12.25 12.34 -0.59 339500 Abdullah Shah Ghazi Sugar 793 17.09 8.03 8.00 7.50 7.52 -0.51 4500 Tri-star Power XD 191 3.73 38.50 38.98 36.65 37.82 -0.23 32500 UPTO 100 VOLUME
Bawany Air 75 2.75 13.50 13.49 13.00 13.09 -0.41 9000 Adam Sugar XD 173 8.55 53.58 54.50 52.00 54.36 0.78 205000 Engro Powergen 150 137.50 9.03 9.00 8.76 8.80 -0.13 61500
Biafo Ind 220 17.00 252.58 254.98 239.96 239.97 -12.61 36000 Chashma Sugar XD 287 12.10 84.51 84.50 84.20 84.20 -0.31 1900 Lalpir Power XD 3238 - 33.08 33.67 32.90 32.95 -0.21 130000 Symbols Open High Low Close Change Vol
Archroma Pak 341 19.09 666.99 667.00 653.00 658.00 -8.99 2700 Clover Pakistan 94 - 61.53 64.60 58.46 62.96 1.43 208500 Saif Power Ltd. XD 3798 - 22.22 22.80 21.80 22.01 -0.47 321000
Dawood Hercules 398.83 141.22 143.50 138.60 139.59 -1.63 36300 Data Agro 40 - 18.15 18.30 17.15 17.50 -0.65 43000 Arshad Energy L 3865 - 31.50 31.50 31.00 31.03 0.35 3500 PGCL 142.55 145.00 145.00 142.55 0.00 100
Descon Oxychem Limited 4813 19.09 19.15 18.09 18.15 -0.94 1239000 Dewan Sugar 665 - 7.76 7.80 7.51 7.55 -0.21 1500 14.25 14.60 14.04 14.60 PICT 413.00 399.01 399.01 399.01 -13.99 100
Dewan Salman 1020 - 4.27 4.47 4.05 4.13 -0.14 1584000 Engro Foods Ltd. 7666 53.51 182.97 184.98 180.50 181.93 -1.04 861000 80 - SHEZ 440.00 420.05 420.05 420.05 -19.95 100
Dynea Pak 3663 - 65.10 66.90 61.86 63.08 -2.02 43000 Faran Sugar XD 250 17.44 151.80 151.00 150.00 150.00 -1.80 4000 UPFL 5,800.00 5,825.00 5,825.00 5,825.00 25.00 20
Engro Corporation Ltd 7.19 373.42 377.97 361.11 373.19 -0.23 1603400 Habib Sugar 750 34.72 50.51 50.00 50.00 50.00 -0.51 21500 GAS WATER AND MULTIUTILITIES IDYM 666.40 695.00 695.00 695.00 28.60 50
Engro Polymer 94 38.16 23.49 24.60 23.40 23.82 0.33 3639500 Habib-ADM Ltd 200 6.39 22.03 22.00 21.60 21.73 -0.30 1000 SCL 524.88 498.64 498.64 524.88 50
Fatima Fertilizer 5238 23.82 38.08 38.70 37.95 38.64 0.56 187000 Haseeb Waqas 324 - 12.69 12.75 12.00 12.04 -0.65 3700 Company Paid up KHTC 945.10 992.35 992.35 992.35 0.00 100
Fauji Fertilizer 6635 12.08 108.67 109.50 108.10 108.66 -0.01 568200 Ismail Ind 638 71.61 346.00 340.00 328.70 328.70 -17.30 147000 Cap(mn) PE Open High Low Close Chg Volume 47.25
Fauji Fertilizer Bin Qasim 21000 7.50 54.13 54.00 52.70 52.79 -1.34 1131000 J D W Sugar 598 262.14 540.00 540.00 540.00 540.00 0.00 170000
Gatron Ind 12722 10.07 100.00 100.00 96.00 96.00 -4.00 1000 Mehran Sugar 320 10.48 200.10 192.00 190.20 191.10 -9.00 500 Sui North Gas 6342 49.06 120.59 124.83 114.57 115.30 -5.29 11288000 BOARD MEETINGS
Ghani Gases Ltd 9341 16.84 34.65 33.85 32.92 32.92 -1.73 3958000 Mirpurkhas Sugar 123 25.33 239.00 229.00 227.05 229.00 -10.00 Sui South Gas 8809 15.99 41.64 42.00 39.56 39.65 -1.99 6057000
ICI Pakistan XD 384 13.44 1025.10 1032.00 976.50 981.34 -43.76 14700 Mirza Sugar 141 - 6.10 6.09 5.31 5.49 -0.61 Volume Hascol PetrolXD 1207 127.61 327.81 330.00 315.02 316.48 -11.33 301300
Ittehad Chemical 1248 101.48 42.18 42.15 40.20 40.34 -1.84 224000 National Foods 1036 17.97 345.12 342.00 340.00 340.00 -5.12 HI-Tech Lubri. 1160 44.26 112.44 114.50 109.50 109.76 -2.68 245300
Linde Pakistan Ltd. 924 4.97 310.56 319.90 295.04 295.04 -15.52 36100 Noon Sugar XD 165 10.01 92.24 96.85 89.00 92.05 -0.19 500
Lotte Chemical 650 26.75 10.04 10.78 10.02 10.51 0.47 18585000 Pangrio Sugar 109 - 5.85 6.15 5.45 5.98 0.13 3000 Company BANKS Volume Company Date Time
Nimir Ind Chemical 250 18.44 46.28 46.80 45.76 46.00 -0.28 103500 Punjab Oil 54 50.00 320.48 330.00 322.00 330.00 9.52 5300
Pak PVC SPOT 15142 93.88 11.01 10.46 10.46 10.46 -0.55 500 Quice Food 985 - 8.67 8.65 8.32 8.37 -0.30 8682500 Paid up Low Close Chg First Credit & Invest Bank Ltd 26-Feb 12:00
Shaffi Chemical 553 - 12.22 11.22 11.22 11.22 -1.00 2000 S S Oil 57 2.95 50.95 49.45 48.45 49.45 -1.50 356500 Cap(mn) PE Open High Ashfaq Textile Mill Ltd 27-Feb 9:00
Sitara Chem Ind 150 40.07 540.00 541.00 535.00 535.00 -5.00 2000 Sakrand Sugar 223 - 9.63 9.01 8.76 8.76 -0.87 197300 J.A. Textile Mill Ltd 27-Feb 9:00
Sitara Peroxide 120 11.37 26.60 26.50 25.27 25.31 -1.29 143500 Sanghar Sugar XD 119 - 38.75 39.50 39.50 39.50 0.75 133000 Allied Bank Limited 11451 7.62 100.23 102.00 99.01 100.58 0.35 94900 Asim Textile Mill Ltd 27-Feb 9:30
United Distributors 214 - 91.19 89.99 87.06 89.99 -1.20 6000 Shahtaj Sugar 120 17.35 201.37 199.99 192.00 199.90 -1.47 1887000 Askari Bank 12603 5.88 23.40 23.74 23.12 23.53 0.13 1352500 Leiner Pak Gelatine Ltd 27-Feb 9:30
Wah-Noble 551 3.93 119.54 125.51 116.50 125.51 5.97 2800 Al-Shaheer Corp 1421 - 46.20 46.50 45.50 45.58 -0.62 Apna Microfinance Ba 2200 8.50 8.00 7.60 7.90 -0.60 2000 Mubarak Textile Mill Ltd 27-Feb 10:00
Engro Fert. 242 10.70 68.15 68.50 67.25 67.41 -0.74 1519000 Imperial Sugar Ltd. 990 - 31.05 31.05 29.50 30.26 -0.79 Volume Bank Alfalah 15952 - 38.71 39.50 37.55 38.21 -0.50 2450500 National Silk & Rayon Mill Ltd 27-Feb 10:00
118.26 Jauharabad Suga XD 109 - 61.50 61.50 61.50 61.50 0.00 Bank AL-Habib XD 11114 8.08 54.10 54.75 53.70 53.88 -0.22 110000 Thal Ltd 27-Feb
90 Volume 451500 Bank Of Khyber 10004 8.09 16.00 15.80 15.70 15.70 -0.30 2500 Century Insurance Comp Ltd 27-Feb 10:00
13309 HOUSEHOLD GOODS 36500 Bank Of Punjab 15551 8.82 15.42 15.64 14.69 14.78 -0.64 15040500 Crescent Fibres Ltd 27-Feb 10:30
4500 BankIslami Pak 10079 4.85 12.61 12.55 12.51 12.55 -0.06 2000 Karim Cotton Mill Ltd 27-Feb 10:30
Company Paid up 1000 Faysal Bank 11998 23.24 23.97 24.15 23.36 23.55 -0.42 292000 Mian Textile Ind Ltd 27-Feb 10:30
Cap(mn) PE Open High Low Close Chg 9113000 Habib Bank Ltd 14669 6.71 273.87 275.00 272.01 273.44 -0.43 451000 S.G. Power Ltd 27-Feb 10:30
1500 Habib Metropolitan Bank 10478 11.31 37.79 38.00 36.50 36.68 -1.11 55500 Wah Noble Chemicals Ltd 27-Feb 10:30
FORESTRY AND PAPER AL-Abid Silk 134 - 11.00 10.75 10.75 10.75 -0.25 7500 JS Bank Ltd 10725 5.02 10.79 10.60 10.25 10.29 -0.50 388500 Aruj Ind Ltd 27-Feb 10:30
Hala Enterprise 68 - 11.00 10.25 10.21 10.25 -0.75 51000 MCB Bank Ltd 11130 5.91 231.01 231.00 228.00 229.02 -1.99 723300 Chenab Ltd 27-Feb 11:00
Company Paid up Feroze 1888 Mills Limited 3768 44.32 147.75 147.00 140.37 140.50 -7.25 158000 Meezan Bank 10027 9.98 65.24 65.00 64.55 65.00 -0.24 6000 Dawood Equities Ltd 27-Feb 11:00
Cap(mn) PE Open High Low Close Chg Pak Elektron 4977 131.92 87.64 89.40 83.35 84.43 -3.21 132500 National Bank 21275 13.00 77.66 77.85 75.12 75.55 -2.11 2959000 Fazal Cloth Mill Ltd 27-Feb 11:00
Singer Pak 454 74.29 68.30 71.00 67.00 67.60 -0.70 500 NIB Bank 103029 8.37 1.55 1.58 1.54 1.55 0.00 1225500 First UDL Mod 27-Feb 11:00
Century Paper 1470 16.71 77.24 80.00 73.38 75.52 -1.72 615500 Tariq Glass Ind 735 38.36 107.40 109.00 103.30 103.58 -3.82 6000 Samba Bank 10082 6.20 8.00 7.75 7.75 7.75 -0.25 500 Haji Mohammed Ismail Mill Ltd 27-Feb 11:00
Security Paper 593 14.96 144.50 144.00 142.25 142.40 -2.10 11000 Towellers Ltd 170 23.28 62.23 65.00 59.12 64.01 1.78 90000 Silkbank Ltd 90819 18.45 1.61 1.71 1.56 1.58 -0.03 8205500 Kohat Textile Mill Ltd 27-Feb 11:00
TPL Trakker Ltd 2172 - 14.06 14.40 13.63 13.70 -0.36 114500 Soneri Bank 11025 17.15 16.90 16.60 16.64 -0.51 37500 Maqbool Textile Mill Ltd 27-Feb 11:00
53300 Stand Chart Bank 38716 - 26.43 26.00 26.00 26.00 -0.43 1500 Masood Textile Mill Ltd 27-Feb 11:00
INDUSTRIAL METALS AND MINING PERSONAL GOODS 69500 Summit Bank Ltd 17787 8.32 3.99 4.04 3.86 3.88 -0.11 482500 Nazir Cotton Mill Ltd 27-Feb 11:00
1300 United Bank Ltd 12242 10.88 248.50 247.00 242.11 246.04 -2.46 431100 Olympia Spin & Weave Mill Ltd 27-Feb 11:00
Company Paid up Company Paid up 17100 19.40 Pace (Pak) Ltd 27-Feb 11:00
Cap(mn) PE Open High Low Close Chg Volume Cap(mn) PE Open High Low Close Chg 18000 11.71 Volume S.S. Oil Mill Ltd 27-Feb 11:00
1348500 Service Textile Ind Ltd 27-Feb 11:00
Crescent Steel 776 16.65 211.23 211.00 204.88 205.61 -5.62 210900 Amtex Limited 2594 - 3.00 3.00 2.85 2.90 -0.10 6000 NON LIFE INSURANCE Abbot Laboratories (Pak) Ltd 27-Feb 11:00
Dost Steels Ltd 3157 - 14.82 15.00 14.09 14.19 -0.63 6626500 Artistic Denim 840 8.64 71.30 72.48 67.75 72.48 1.18 805000 Arshad Energy Ltd 27-Feb 11:30
Huffaz Pipe 555 - 26.03 25.49 24.80 24.80 -1.23 10000 Aruj Industries 105 9.12 26.50 26.05 25.20 25.25 -1.25 114500 Company Paid up First Dawood Invest Bank Ltd 27-Feb 11:30
Inter.Steel Ltd. 4350 381.79 132.47 135.47 125.85 125.99 -6.48 4850000 Asim Textile 152 1.17 7.35 7.96 7.96 7.96 0.61 1000 Cap(mn) PE Open High Low Close Chg 11:30
International Ind XD 1199 57.72 266.48 270.00 253.16 253.41 -13.07 121700 Azgard Nine 4493 1.63 9.32 9.51 8.60 8.83 -0.49 1700
Siddiqsons Tin 785 - 20.26 20.67 19.28 19.53 -0.73 969500 Bannu Woolen 95 4.56 71.50 70.01 70.00 70.00 -1.50 14000 Adamjee Insurance 3500 10.16 74.07 75.10 73.90 74.09 0.02 637500
Aisha Steel Mill 2713 - 25.05 24.77 23.80 23.80 -1.25 24971500 Brothers Textile 98 6.86 5.30 5.16 5.00 5.01 -0.29 975500 Ask Gen Insurance 544 6.85 35.51 35.50 34.02 35.00 -0.51 34500
Chakwal Spinning 400 1.37 5.10 5.07 4.87 4.90 -0.20 15500 Atlas Insurance 702 8.97 79.00 77.51 76.80 76.80 -2.20 2500
CONSTRUCTION AND MATERIALS Chenab Limited 1150 - 5.96 6.20 5.80 5.84 -0.12 36000 Century Insurance 457 2.22 30.44 31.96 29.50 31.06 0.62 76500
Chenab Ltd Pref 800 - 3.04 3.05 2.85 2.90 -0.14 477500 Crescent Star Insurance 827 7.32 9.70 9.90 9.50 9.59 -0.11 108500
Company Paid up Crescent Fibres Ltd 124 1.90 34.71 33.00 33.00 33.00 -1.71 122000 Cyan Limited 586 11.65 70.03 69.00 66.53 66.55 -3.48 168000 BOOK CLOSURES
Cap(mn) PE Open High Low Close Chg Volume Crescent Jute 238 - 5.03 5.06 5.05 5.05 0.02 4000 EFU General Insurance 2000 5.93 148.88 150.50 149.00 149.41 0.53 65300
Crescent Textile 800 11.41 27.01 26.90 25.66 25.67 -1.34 9000 Habib Insurance 619 10.11 18.50 18.85 18.50 18.50 0.00 1000
Balochistan Glass Ltd 1716 - 15.00 14.65 14.03 14.11 -0.89 140000 D S Ind Ltd 600 2.99 5.65 5.65 5.50 5.50 -0.15 106500 IGI Insurance 1227 33.31 340.00 352.00 344.99 350.76 10.76 7100 Company From To Div/Bonus Spot Date AGM/
Berger Paints 182 147.37 229.58 227.15 218.11 218.11 -11.47 15200 Dawood Lawrencepur 591 53.37 233.00 244.65 225.00 236.95 3.95 66000 Jubilee Gen.Ins 1569 12.97 116.31 117.00 111.80 111.80 -4.51 3000 /Right EOGM
Bestway Cement 5963 35.55 311.76 313.00 297.00 301.82 -9.94 30800 Dewan Farooque Spinning 978 296.15 4.01 4.01 3.84 3.85 -0.16 4500 Pak Gen Insurance 400 11.59 18.73 19.73 17.73 19.24 0.51 486000
Buxly Paints 14 127.30 133.66 120.94 133.60 6.30 20500 Fazal Cloth 300 5.86 154.64 162.37 161.88 162.37 7.73 500 Pak Reinsurance 3000 11.71 54.28 54.90 52.40 53.61 -0.67 452000 Fatima Enterprises Ltd 27-Feb 08-Mar -- 08-Mar
Cherat Cement 1766 - 179.92 182.25 179.01 180.05 0.13 197700 Gadoon Textile 280 5.63 242.50 242.00 230.38 238.42 -4.08 1983500 PICIC Ins Ltd XR 350 - 5.59 5.75 5.51 5.57 -0.02 51000 Cherat Cement Comp Ltd 02-Mar 08-Mar 10 28-Feb 08-Mar
Dandot Cement 948 13.99 16.50 16.00 15.50 15.72 -0.78 47500 Ghani Value Glass 300 6.32 22.81 23.00 22.00 22.01 -0.80 1110100 Premier Insurance 209 6.01 19.87 19.55 19.05 19.05 -0.82 1000 Cherat Packaging Ltd. 02-Mar 08-Mar 25 28-Feb 08-Mar
Dewan Cement 4841 29.06 29.35 27.61 27.62 -1.44 7070500 Gul Ahmed Textile 2971 12.23 44.30 45.30 42.09 42.69 -1.61 4000 Reliance Insurance 510 7.99 14.00 14.08 13.62 13.90 -0.10 134500 Bestway Cement Ltd 07-Mar 13-Mar 30 04-Mar 13-Mar
DG Khan Cement Ltd 4381 - 240.27 241.50 234.00 235.11 -5.16 935200 H M Ismail 120 - 9.40 9.50 9.20 9.49 0.09 23500 Shaheen Insurance 450 14.67 8.75 8.65 8.51 8.51 -0.24 3000 Hi-Tech Lubricants Ltd 07-Mar 13-Mar 13.5 04-Mar 13-Mar
EMCO Ind 350 23.21 35.00 36.50 34.05 34.13 -0.87 25000 Hira Textile Mills Limited 866 9.08 15.62 15.69 14.62 14.62 -1.00 5000 United Insurance 1803 4.79 23.04 23.10 22.56 23.04 0.00 40000 Hussein Ind Ltd 07-Mar 13-Mar 13-Mar
Fauji Cement 13798 17.47 44.70 45.10 44.55 44.61 -0.09 1910500 Ibrahim Fibres 3105 4.15 79.18 81.00 77.00 77.32 -1.86 500 IGI Life Ins.XD 605 55.88 86.13 85.50 85.00 85.50 -0.63 2500 Kohinoor Energy Ltd 08-Mar 14-Mar -- 14-Mar
Fecto Cement 502 127.67 128.00 127.00 127.00 -0.67 46500 Ishaq Textile 97 1.67 12.20 11.20 11.20 11.20 -1.00 7000 Millat Tractors Ltd 08-Mar 14-Mar 17.5 05-Mar 14-Mar
Flying Cement Ltd 1760 - 20.40 19.70 19.38 19.38 -1.02 268000 Janana D Mal 48 1.77 116.17 115.00 111.00 111.37 -4.80 88000 Company LIFE INSURANCE Volume Fauji Fertilizer Comp Ltd 09-Mar 15-Mar 350 05-Mar 15-Mar
Frontier Ceramics 379 29.54 11.04 11.30 11.00 11.00 -0.04 32500 Jubilee Spinning 325 38.80 5.63 6.30 5.60 5.82 0.19 4000 Kohat Cement Ltd 09-Mar 16-Mar 27.5 06-Mar 16-Mar
Gammon Pak 283 9.40 37.91 36.66 36.02 36.04 -1.87 35000 Kohat Textile 208 3.45 19.64 18.90 18.64 18.64 -1.00 4500 Paid up Agriauto Ind Ltd 10-Mar 16-Mar 16-Mar
Gharibwal Cement XD 4003 62.90 63.45 60.50 62.12 -0.78 333500 Kohinoor Ind 303 21.56 6.83 6.90 6.60 6.90 0.07 5000 Cap(mn) PE Open High Low Close Chg Murree Brewery Comp Ltd 10-Mar 17-Mar 80 06-Mar 17-Mar
Haydery Const 32 - 6500 Kohinoor Mills 509 1.87 53.30 53.00 51.00 51.62 -1.68 2500 50 07-Mar
Javedan Cement 1294 - 4.92 4.86 4.76 4.76 -0.16 259500 Kohinoor Spinning 1300 2.67 6.67 6.75 6.10 6.20 -0.47 6500 EFU Life Assurance 1000 15.69 230.00 238.00 225.00 231.50 1.50 600 100 07-Mar
Kohat Cement 1545 - 38.68 37.01 36.75 36.75 -1.93 62400 Kohinoor Textile 2824 41.18 118.33 119.50 119.00 119.00 0.67 3000 Jubilee Life In 721 30.02 674.95 674.95 674.95 674.95 0.00 2000
Lucky Cement 3234 35.91 270.51 273.98 269.05 270.19 -0.32 107800 Land Mark Spinning 121 - 9.04 8.35 8.11 8.35 -0.69 26000 Indications
Maple Leaf Cement 5277 476.00 877.55 884.00 869.50 874.50 -3.05 355100 Leather Up 60 - 19.00 18.75 18.03 18.26 -0.74 1000 FINANCIAL SERVICES # Extraordinary General Meeting
Pioneer Cement 2271 3.60 128.15 128.30 125.25 126.97 -1.18 290600 Mian Textile 221 - 5.06 5.50 4.55 4.90 -0.16 1000
Power Cement Ltd. 3657 13.65 148.79 147.99 143.50 144.01 -4.78 5902000 Mohd Farooq 189 - 4.75 4.55 4.31 4.42 -0.33 11000 Paid up OTHER SECTORS
Safe Mix Concrete 250 31.19 18.75 18.29 17.75 17.75 -1.00 242500 Mubarak Textile 54 - 9.24 9.19 8.25 9.19 -0.05 52500 Cap(mn) PE Open High Low Close Chg Volume
Shabbir Tiles 1197 21.82 10.60 10.59 10.00 10.22 -0.38 3218500 National Silk 156 3.76 39.00 37.05 37.05 37.05 -1.95 4440 Company Symbols Open High Low Close Change Vol
Thatta Cement 997 22.29 14.05 14.50 13.07 13.46 -0.59 487000 Nishat (Chunian) 2402 5.16 68.57 67.19 65.15 65.15 -3.42 1000
Synthetic ProdXD XB 851 11.38 43.99 44.55 43.15 44.01 0.02 18000 Nishat Mills 3516 11.30 171.40 173.89 166.00 167.74 -3.66 500 MCB-ARIF Habib XD 720 8.14 31.50 31.50 31.50 31.50 0.00 4000 Johnson & Philips 36.86 38.69 38.6 38.69 1.83 1000
Akzo Nobel Pak.XD 464 27.62 69.00 67.01 65.75 65.99 -3.01 43000 Olympia Spinning 120 - 10.75 10.99 9.78 10.99 0.24 2000 Arif Habib Limited 550 5.63 97.19 99.50 94.60 95.01 -2.18 150500 Pakistan CablesXD 321 334.99 307.13 315.68 -5.32 3100
20.71 265.29 268.00 260.00 263.05 -2.24 Pak Synthetic 560 133.29 32.43 33.00 31.61 31.99 -0.44 15000 Arif Habib Corp 4538 25.64 43.32 43.50 42.50 43.08 -0.24 152500 TRG Pak Ltd -0.68 6021500
Company 40.38 Volume Premium Textile 62 2.45 166.50 167.50 158.20 163.93 -2.57 202500 Escorts Bank 441 - 8.68 9.20 8.02 8.52 -0.16 225500 Murree Brewery 55.48 55.9 53.4 54.8 -33.22 6050
- Quetta Textile 130 2.19 28.86 27.45 27.45 27.45 -1.41 1090500 First Credit & Invest Bank Ltd 650 22.00 7.88 7.94 7.70 7.70 -0.18 15000 Pak Tobacco 778.01 779.95 740.15 744.79 58.84 2220
- Ravi Textile 250 - 5.82 5.50 5.15 5.22 -0.60 73500 First National Equity 1418 9.20 16.73 16.80 15.73 15.73 -1.00 283500 Shifa Int.Hosp 1176.87 1235.71 -13.23 1800
Reliance Weaving 308 3.29 46.26 48.57 43.95 44.70 -1.56 34000 Grays Leasing 215 1252.00 6.92 7.05 6.07 6.26 -0.66 33000 Media Times Ltd 276.9 280.99 1150 1235.71 -0.34 3171500
GENERAL INDUSTRIALS Ruby Textile 522 - 10.48 10.35 10.00 10.15 -0.33 500 IGI Investment Bank 2121 37.88 3.15 3.15 2.95 3.03 -0.12 746000 Pak Hotels 263.06 263.67 5.49 3400
Rupali Poly 341 - 21.29 20.30 20.25 20.25 -1.04 19000 Invest and Fin Sec 200 17.16 125.00 118.86 118.75 118.75 -6.25 1000 P.I.A.C.(A) 4.43 4.3 -0.29 2411500
Paid up Safa Textile 40 63.63 21.43 20.56 20.36 20.36 -1.07 3000 Invest Bank 2849 2.97 2.26 2.30 2.10 2.11 -0.15 222000 AKD Capital 109.9 115.39 4.05 4.09 200
Cap(mn) PE Open High Low Close Chg Saif Textile 264 1.75 24.01 24.95 24.05 24.77 0.76 119500 Ist Cap Securities 3166 127.25 5.16 5.25 5.05 5.09 -0.07 765500 Pace (Pak) Ltd. 8.23 113 115.39 -2 2424000
Sajjad Textile 213 1.46 7.80 7.15 6.90 7.05 -0.75 Ist Dawood Bank 1484 118.00 5.20 5.38 4.51 4.72 -0.48 1508000 Netsol Tech. 8.3 7.86 7.94 -0.47 47000
Balochistan Particle 30 37.00 12.35 12.50 11.41 11.47 -0.88 13500 Salman Noman 45 - 5.99 6.10 5.90 5.90 -0.09 Volume Jah Siddiq Co 9159 7.52 23.88 23.90 23.01 23.23 -0.65 382500 162 160 160 160 -1.58
Cherat Packagin 296 44.71 303.93 306.00 296.75 299.10 -4.83 11100 Samin Textile 267 - 9.10 9.10 8.80 8.92 -0.18 JS Global Cap 380 13.70 72.38 69.50 68.77 68.77 -3.61 2000 9.39 9.5 8.7 8.92
ECOPACK Ltd 287 - 28.86 27.42 27.42 27.42 -1.44 27500 Sana Ind 86 8.28 67.20 63.84 63.84 63.84 -3.36 197800 JS Investment 802 6.65 14.96 14.83 14.41 14.44 -0.52 19000 79.82 79.5 77 78.24
Ghani Glass 2192 19.46 131.90 135.89 131.50 131.74 -0.16 37200 Sargoda Spinning 312 6.74 17.60 18.60 18.60 18.60 1.00 23800 Orix Leasing 821 5.78 48.11 48.01 47.11 47.25 -0.86 20000
MACPAC Films 389 2.46 24.00 24.44 23.80 23.80 -0.20 2000 Saritow Spinning 298 1.65 9.20 8.95 8.70 8.80 -0.40 521600 Pervez Ahmed Sec 1866 - 2.41 2.46 2.30 2.31 -0.10 369500 SE Asia Stock
Merit Pack 403 - 28.02 27.54 26.62 26.63 -1.39 174500 Service Fabrics 158 5.05 12.13 12.39 11.50 11.92 -0.21 3150 Saudi Pak Leasing 452 17.50 2.85 2.80 2.80 2.80 -0.05 3500
Packages Ltd 894 30.24 857.02 860.00 850.00 857.56 0.54 38050 Service Ind 120 137.39 1498.05 1499.00 1455.00 1455.00 -43.05 29300 Security Leasing 363 - 5.69 5.75 4.90 5.08 -0.61 20500 Cautious
Siemens Engineering 82 - 893.34 892.00 870.00 889.62 -3.72 1100 Service Textile 44 0.70 12.50 12.99 12.75 12.75 0.25 700 Trust Inv Bank 892 25.44 4.87 4.90 4.50 4.58 -0.29 153500
Tri-Pack Films 388 17.10 262.44 264.75 256.20 257.15 -5.29 8000 Shams Textile 86 0.87 31.50 30.00 30.00 30.00 -1.50 280 SME Leasing Ltd 320 - 5.99 5.25 5.20 5.24 -0.75 4000
Ghani Global Glass L 1000 3.50 24.47 24.50 23.25 23.67 -0.80 412000 Suraj Cotton 290 3.46 142.00 142.00 142.00 142.00 0.00 228650 Next Capital 450 56.91 25.90 27.19 24.61 25.04 -0.86 113500
Tata Textile 173 2.43 41.43 41.00 40.90 40.99 -0.44 780
INDUSTRIAL ENGINEERING Volume Thal Ltd 405 28.86 550.09 555.00 522.59 527.61 -22.48 ahead of
Treet Corp 1417 19.66 75.44 76.00 73.51 73.93 -1.51
Company Paid up Tri-Star Poly 215 - 13.24 14.00 13.00 13.11 -0.13 EQUITY INVESTMENT INSTRUMENTS
Cap(mn) PE Open High Low Close Chg Yousuf Weaving 400 3.32 4.88 4.95 4.80 4.85 -0.03
ZahidJee Tex. 1823 2.68 16.00 15.84 15.84 15.84 -0.16
Ados Pak 66 5.87 58.49 56.25 55.57 55.57 -2.92 15500 Zephyr Textile Ltd 594 7.31 13.02 13.15 12.50 13.15 0.13 Company Paid up Trump speech
AL-GhaziTractor 290 24.78 530.16 535.95 525.00 526.37 -3.79 7200 Zil Limited 61 263.52 126.55 126.49 123.05 126.49 -0.06 Cap(mn) PE Open High Low Close Chg Volume
Bolan Casting 115 - 109.44 109.95 106.25 107.84 -1.60 7000 Colony Tex.Mills Ltd 4980 - 5.60 5.83 5.30 5.32 -0.28
Ghandhara Ind 213 155.41 858.46 901.38 845.00 901.38 42.92 90100 1st Fid Leasing 264 16.15 4.20 4.20 4.20 4.20 0.00 1500
Hinopak Motor 124 689.50 1556.43 1540.00 1500.00 1510.00 -46.43 160 PHARMA AND BIO TECH AL-Noor Modaraba 210 - 5.10 5.30 5.10 5.15 0.05 22000 J A K A R TA : ways."
KSB Pumps 132 34.18 366.91 366.10 348.57 350.02 -16.89 6900 B R R Guardian Modaraba 780 10.99 9.62 10.10 9.70 9.89 0.27 175000 Southeast Asian stock
MillatTractors 443 24.35 1151.80 1180.00 1142.40 1151.61 -0.19 182200 Paid up Crescent St Modaraba 200 - 4.30 4.15 4.11 4.12 -0.18 3000 markets moved side- Yellen is also sched-
Pak Engineering 57 - 308.95 308.00 293.51 300.76 -8.19 200 Cap(mn) PE Open High Low Close Chg Elite Cap Modaraba 113 5.89 4.68 4.90 4.40 4.42 -0.26 77000 ways on Monday, in
Amreli Steels L 2970 - 82.91 84.00 79.60 81.15 -1.76 340500 Company Equity Modaraba 524 29.76 6.48 6.25 6.25 6.25 -0.23 19000 line with Asian peers uled to deliver a
Drekkar Kings 100 - 10.89 10.80 10.50 10.60 -0.29 42000 Golden Arrow 760 4.01 14.81 15.20 14.75 14.88 0.07 213500 ahead of U.S.
Mughal Iron&Ste 1258 - 115.37 116.70 111.00 112.35 -3.02 293000 Habib Modaraba 1008 6.84 10.50 10.60 10.31 10.40 -0.10 45500 President Donald speech on economic
KASB Modaraba 481 13.04 3.00 3.00 2.98 3.00 0.00 1500 Trump's speech to a
INDUSTRIAL TRANSPORTATION Abbott (Lab) 979 52.05 989.25 1000.00 968.00 976.55 -12.70 Mod Al-Mali 184 17.20 4.50 4.36 3.99 4.30 -0.20 3500 joint session of outlook on Friday.
Ferozsons (Lab) XD 302 54.15 564.76 576.90 555.05 571.83 7.07 Nat Bank Modaraba 250 - 3.59 3.51 3.49 3.51 -0.08 2500 Congress on Tuesday
Paid up GlaxoSmithKline 3185 36.88 230.80 232.10 225.90 227.19 -3.61 Pak Modaraba 125 32.08 4.00 4.00 3.77 3.85 -0.15 29500 night, where he is Investors will also be
Cap(mn) PE Open High Low Close Chg Highnoon (Lab) 228 92.37 616.38 631.00 608.30 613.33 -3.05 PICIC Growth Fund 2835 5.10 31.17 32.72 31.99 32.72 1.55 432500 expected to unveil
Company Volume IBLHealthCare Ltd 492 30.05 144.23 141.50 137.02 137.02 -7.21 PICIC Inv Fund 2841 4.52 14.01 15.01 14.89 15.01 1.00 996000 some elements of his looking out for a slew
Otsuka Pak 110 85.19 234.04 224.50 222.34 222.34 -11.70 Prud Modaraba 1st 872 9.77 3.21 3.22 3.00 3.03 -0.18 483000 plans to cut taxes.
PNSC 1321 65.58 180.16 174.99 171.16 171.16 -9.00 61800 Sanofi-Aventis 96 46.52 2404.11 2420.00 2330.05 2350.00 -54.11 Punjab Modaraba 340 3.00 9.19 8.33 8.20 8.30 -0.89 4500 of economic data on
Pak Int.Bulk 12707 1.21 28.56 28.79 28.01 28.12 -0.44 3161500 Searle Pak 1399 61.93 659.83 672.00 650.00 654.65 -5.18 Tri-Star Mutual 50 - 11.28 11.61 10.61 11.45 0.17 159500 Trump would use the
Wyeth Pak 142 17.42 3965.13 3826.00 3766.88 3766.88 -198.25 U D L Modaraba 264 6.42 38.30 39.00 36.39 36.39 -1.91 16500 speech to disclose the region as well as
some elements of his
Nikkei falls to 2-1/2 week lows, hit sweeping plans to cut globally this week.
by strong yen, weak financials taxes for the middle
Sri Lankan China stocks class, simplify the tax Thai shares dropped
shares hit fall on tighter system and make
2-1/2-week American companies 0.4 percent in what
closing low regulation, more globally compet-
IPO worries itive with lower rates could be their third
COLOMBO: Sri Lankan and changes to encour-
shares fell on Monday to SHANGHAI: China stocks age manufacturing, straight session of falls
hit their lowest close in slipped on Monday after the secu-
more than two weeks as rities regulator vowed to step up Treasury Secretary with basic materials
investors were worried its campaign against speculation Steven Mnuchin said
over rising interest rates, and hinted about loosening its grip in an interview broad- leading the decline.
but foreign buying and on new share offerings - moves cast on Sunday.
block deals in Expolanka TOKYO: Japan's Nikkei share aver- address to Congress on Tuesday will for the next fiscal year starting April, that would benefit the market in The Thai steel index
Holdings boosted the age fell to 2-1/2 week lows on not offer many new details on his tax a dollar-yen level below 110 would the long term, but hurt sentiment Investors will also be
turnover. Monday as the yen strengthened and reform or spending pledges. stoke concerns that companies may in the short run. looking for details on was down 3.3 percent
as financial stocks dropped on lower not achieve expected growth. how Trump would like
Foreign investors net U.S. yields. Honda Motor Co dropped 2.2 per- Hong Kong stocks were little to overhaul former with Permsin Steel
bought 716.2 million cent, Advantest Corp shed 2.0 percent Financial stocks such as insurers changed, as the market's strong president Barack
rupees worth of equities The Nikkei was down 1.4 percent and Panasonic Corp declined 3.6 per- and banks sharply underperformed rally since mid-February showed Obama's signature Works Pcl and Asia
on Monday, reversing the at 19,012.43 points by midmorning, cent. the overall market after U.S. bench- signs of fatigue. healthcare law.
year-to-date net foreign after falling to as low as 18,995.55, mark 10-year Treasury note yields Metals shedding more
outflow to an inflow of its weakest level since Feb. 9. "Investors recently confirmed that dropped to five-week lows on Friday. Both the CSI300 index and the "Well what is affect-
580.7 million rupees Japanese corporate earnings will like- Shanghai Composite Index lost ing the market is how than 12 percent each.
worth of equities so far Exporters lost ground as the dollar ly be strong next fiscal year. But if the The insurance sector tumbled 3.7 0.3 percent by the lunch break, to Trump will address the
this year. dropped to as low as 111.925 yen on dollar falls below 110 yen, such percent and was the worst performer 3,464.35 points and 3,244.71, Congress and I guess Thailand's custom-
Friday, its first foray below the 112 hopes will change," said Takuya on the board, while the banking sec- respectively. Fed Chairman Janet
The Colombo stock level since Feb. 9. Takahashi, a strategist at Daiwa tor was down 2.4 percent. Yellen will also speak based exports rose 8.8
index ended down 0.24 Securities. Liu Shiyu, chairman of the in the Congress," said
percent at 6,122.04, its During Asian trade on Monday, the Dai-ichi Life stumped 4.2 percent, China Securities Regulatory Manny Cruz, chief percent in January,
lowest close since Feb. 9. dollar slipped a further 0.2 percent to Takahashi said that while analysts T&D Holdings dived 4.5 percent and Commission (CSRC), told a news strategist at Asiasec
112.00 on worries that U.S. President expect a double-digit gain in Mitsubishi UFJ Financial Group fell conference on Sunday that the Equities Inc. compared with a fore-
"Selling pressure on Donald Trump's first major policy Japanese companies' pretax profits 2.7 percent. country will focus on stable devel-
John Keells brought the opment of its capital markets this "So, there is a lot of cast of 9.85 percent in
market down," said year. tension in the market
Dimantha Mathew, head at this point. If you a Reuters poll, and
of research at First Capital But limiting or halting initial look at the broad
Equities (Pvt) Ltd. share sales in order to stabilise the regional market, it is imports rose 5.2 per-
secondary market doesn't "solve simply moving side-
"Investor sentiment is the problems of long-term healthy cent against expecta-
negative due to the rising development of capital markets,"
interest rates and most of Liu added, stirring worries of tions of 11.9 percent.
the investors are on a wait- increasing equity supply this year.
and-see approach," he Singapore shares
added.
were down 0.3 percent

as consumer and indus-

European shares weighed down trial stocks lost ground.

Golden Agri-

Resources Ltd fell as

by insurers, exchange stocks much as 3.75 percent to

its lowest in more than

three months, while

Jardine Matheson

LONDON: European shares lowest closing level in three prompted some analysts to down- Holdings Ltd declined
inched lower on Monday weighed weeks. grade Generali.
down by losses among insurers, up to 1.2 percent.
while exchange operators tumbled Assicurazioni Generali down 3.7 "As we do not expect another
on the expected failure of the percent, was the biggest drag to the bidder our valuation now implies Malaysian shares
London Stock Exchange's merger after Intesa Sanpaolo said late on 10 percent downside," said RBC
with Deutsche Boerse to create a Friday it had decided not to pursue Capital Markets, which downgrad- rose 0.2 percent, head-
European trading powerhouse. a possible tie-up with Italy's ed Generali to underperform from
biggest insurer. outperform. ing for their first gain
The Europe 600 was down 0.2
percent, adding to steep losses The decision, which boosted Allianz and which were seen as in three sessions.
seen in the previous session when shares in Intesa on relief that the potentially interested in Generali
the pan-European index fell to its Italian bank would not put at risk assets, were trading up 0.1 percent Consumer stocks led
its dividend to pursue such a deal, and down 0.5 percent respectively.
gains with Kuala

Lumpur Kepong Bhd

rising 1.3 percent and

Genting Bhd climbing

nearly 1 percent.

Tuesday, February 28, 2017 Continuations 7

No #1 Continued from page 2 would be a day-night contest," he said. "We will start the Ali and others members of ICCI also spoke at the occa- impact of its policies in energy sector as high cost of busi-
match at 1630 PST and the closing ceremony will con- sion. - NNI ness would have huge negative impact on industries and
3. The participants urged the Ministry of Finance and clude at 2300 PST." hence employment. He said government should also con-
centrate on developing indigenous resources of energy as
Federal Board of Revenue to withdraw the draconian Four out the five participating teams have qualified for No #8 Continued from page 8 import option would not remain sustainable for a longer
the playoff stage, which will start from February 28. period of time.
provisions and laws giving immense discretionary pow- deployment of security personnel would be completed in
Agencies add: Punjab Minister for Law Rana Dr. Abid Qaiyum Suleri, Executive Director SDPI on the
ers acquired through last four Finance Bills, to the offi- Sanaullah on Monday said that government does not accordance with the time lines. He said that training of enu- occasion said that various sectors of our economy were fac-
only want to give security to Pakistan Super League ing number of challenges including various complexities in
cers of Inland Revenue and field formations which is a (PSL) final, but to the whole province. merators had nearly been completed and they would subse- tax systems. He said that as an independent think tank,
SDPI was aiming to provide the government and relevant
core issue and resulting in hardship, loss of productivity The minister told that intelligence agencies have so far quently be posted to different census blocks across the bodies including Ministry of Finance and Federal Bureau of
presented security reports of Lahore only due to PSL Revenue inputs to reform economic policies based on the
and mental torture to the business community. These final and Punjab Chief Minister Shahbaz Sharif will be country. He also apprised the Minister about the publicity recommendations of the stakeholders.
briefed on overall security situation of Punjab.
laws have kept a large number of potential tax-payers campaign being undertaken by the PBS for creating aware-
The law minister explained that security concern is not
out of the tax regime. In fact these laws are a deterrent only of Gaddafi Stadium or the route of the players, but ness among the masses about the census.
of whole Punjab.
to broadening of tax-base and resulted in promoting the Minister Dar said that the census activities be carried out
We do not want that on one hand PSL final is conduct-
culture of tax-evasion. ed peacefully in Lahore, and on other hand some professionally with complete coordination among depart-
unpleasant incident happens in any other part of the
4. All chambers and associations who had given their province, he added. ments concerned. He emphasized that time lines be

input and taken part in the proceedings of Tax Reforms Rana Sanaullah emphasized that we want to ensure observed for all the activities. The Minister added that the No #14 Continued from page 8
foolproof security for the whole Punjab.
Commission formed by the Government with the com- census would help acquire the much needed data that in
Meanwhile, Pakistan Tehreek-e-Insaf (PTI) Chairman
mitment that its recommendations will be implemented in and former captain Imran Khan on Monday voiced his turn would facilitate equitable allocation of resources for Also present at the meeting were Chairman of Dubai
strong opposition to holding the final of the PSL in
letter and spirit, have expressed their dismay and disap- Lahore. different areas of the country. Civil Aviation and Chief Executive of Emirates Group

pointment over the failure to adopt the recommendations "God forbid, if any blast takes place in Lahore, there This is a very serious exercise and full dedication on part Sheikh Ahmed bin Saeed Al Maktoum, Minister of State for
will be no cricket in Pakistan in the next 10 years," Khan
on which a complete and total consensus was evolved said while talking to a private television channel. of government bodies and involvement of the general pub- Foreign Affairs Dr Anwar Gargash, Dubai Director of

among stakeholders, government functionaries, FBR offi- "This is madness considering the situation here" he lic are the key to making this exercise a complete success, Protocol and Hospitality Khalifa Saeed Suleiman and
said, referring to the series of bomb blasts which rocked
Pakistan. the Minister remarked. Senior officials of the Finance and Brigadier Talal Humaid Abdullah Belhoul. - NNI

cials and tax professionals. The commitment to imple- "What's the point of holding the PSL final in Lahore? Statistics Divisions attended the meeting. - NNI No #15 Continued from page 8
It is not even an international match," he said.
ment these recommendations be fulfilled immediately. No #9 Continued from page 8 said that the track record shows that the courts don't give
"In my view, it is a terrible bad idea. We want to hold
5. The Chambers and trade bodies further suggested this match by calling in army. The roads will be blocked
and there will be security. This will not send a good mes-
that no changes should be made in tax laws including sage," he said. shrine by considering the advice by Sindh government. "Sindh verdicts against Sharif brothers. "We are not hopeful of the

Income Tax Ordinance 2001, Sales Tax Act 1990, Legendary cricketer Javed Miandad seconded Imran government told that it is currently collecting forensic evi- verdict but definitely we are waiting to take decision [to
Khan's stance on hosting the final in Lahore.
Customs Act 1969 and Federal Excise Act, through the dence from the blast site and that PM's visit could distort contest by-election] and then things would be clear," he
"I have been saying this for three days that there is
Finance Bills. Finance Bill should be confined to the need to hold the final of the PSL in Lahore owing to it", Ishaq Dar said. The Finance Minister further told that said. Replying to another question, the PPP chief said that
security situation," Miandad said.
budgetary and fiscal measures only. Any changes in the shrines of Sufi saints are worth respect and they should be the National Action Plan must be implemented in true letter
"This would be a great setback to Pakistan's cricket if
tax laws and provisions should be tabled through sepa- anything happened during the final," he added. left alone from politics. - NNI and spirit. He added that it was necessary for restoring

rate Bills in the parliament and passed after necessary No #10 Continued from page 8 peace in the country.

debate and consultation with stakeholders. Hammad Aman, Manager Equity Sales at Topline Bilawal Bhutto said that extremism was a big challenge

6. All Chambers and trade bodies strongly denounced Securities said local bourse continued to fall amid political for our nation and "we all have to fight against it," he said.

the misuse of discretionary powers by the officers of IR uncertainty and regulatory strictness. Market fell by 487 Replying to a question about Irafanullah Marwari, the

under Sections 38A, 38B, 40A, 40B, 176 and 177. We points or down by 1.00 per cent at 48,520 levels. Steel sec- chairman said that " it was just a meeting [between Asif

also urge the government to withdraw these sections tor came under pressure as unconfirmed reports surfaced of Zardari and Marat] and no decision was taken," he said and

immediately and restrict the enforcement of the said sec- the courts granting interim relief to the steel importers by added there was misunderstanding [that Marwat had joined

tions. Otherwise the government will be responsible for way of temporarily suspending the collection of anti-dump- the party] - no decision was taken about him.

the consequences which may force us to go to any ing duty while the case proceeding are heard. This led ASL, He said PPP was the first government which had taken up

humanly possible means and actions which may have ISL to close at its lower limit of 5 per cent. SEARL the issue of providing clean drinking water to people of

negative ramifications for the revenue. announced EPS of Rs 4.2/share along with cash dividend of Sindh. He added that the Sindh government was taking nec-

In case these demands are not accepted by the author- Rs 2/share. Stock price declined 0.8 per cent. Overall, vol- essary measures for the purpose.-NNI

ities concerned, the participant chambers and associa- umes decreased by 9 per cent to 250mn shares, while value

tions will resort to all possible lines of action within declined by 18.4 per cent Rs11.5bn/US$109mn. No #16 Continued from page 8

their rights including remedy from competent courts of Pakistan Tobacco Company Limited and Khyber Tobacco Sindh. The meeting was attended by Chief Secretary

law to have their legitimate demands accepted to with- Company Limited remained the top gainer by Rs 58.84 and Rizwan Memon, Major General Abid Rafiq head of Special

draw the discretionary powers of the FBR and officers No #4 Continued from page 1 Rs 47.25 to close at Rs 1,235.71 and Rs 992.35 respective- Security Division (SSD) created for security of CPEC relat-

of Inland Revenue. November, but afterwards, as the price at global mar- ly, while Wyeth Pakistan Limited and Indus Motor ed projects and the crew working there, IG AD Khowaja,

Company Limited were among the major loser which lost Secretary Home Shahid Parvaiz Qazi, Lt Col Nisar Ahmed,

No #2 Continued from page 1 ket soared, the government had no other choice but to Rs 198.25 and Rs 82.62 to close at Rs 3,766.88 and Rs Lt Col Fawad and others.

beyond. He said cooperation in these sectors have a mes- increase the price slowly and gradually. 1,596.55 respectively. The chief minister said that presently 13 CPEC related

sage of prosperity and development for the whole region Since last three months the price for motor gasoline No #11 Continued from page 8 projects have either been started or being taken up. "All

and the people of the region. has been increased by almost seven rupees per liter to Rs standards and directions for fire safety. Effective imple- these projects have national importance, therefore Sindh

The Foreign Secretary said Pakistan has received positive 71.29 per liter while for high speed diesel it has been mentation of these provisions by the concerned authorities government has created a separate police force for their

response from the member states. He said that five heads of raised by Rs 8 to Rs 80.50 per liter. would most likely and substantially reduce fire related risks security," he said and added that that's why he keeps hold-

states, three heads of governments, one deputy Prime The government has kept the price of light diesel and to human lives and properties," he said. ing review meetings off and on.

Minister, and one special envoy will attend the summit kerosene oil unchanged to Rs 43.43 and Rs 43.25 per "Formulation of these Fire Safety Codes is a significant The IG police said that out of 2000 CPEC security force,

meeting on Wednesday. He said participation of the heads liter respectively in order to provide cushion to general achievement and an important mile stone in the history of he has appointed 1023 ex-army men to provide security to

of states and the government in the summit is their confi- public. the Country's efforts towards achieving the objective of the projects and the Chinese working there. The SSD head,

dence in Pakistan. The Ministry of Finance will give final approval on Disaster Resilient Pakistan," he said. Maj Gen Abid Rafiq told the meeting that the Chinese were

He said this summit has special importance because the the changes to be made in the prices of petroleum prod- He underlined that, "NDMA took the leading role for the working at 424 different projects, CPEC and non-CPEC

ECO region and the member states have made tremendous ucts. - NNI inclusion of Fire and Life Safety Provision in Building projects, their security is most. On this the chief minister

developments in connectivity during the last three to four No #5 Continued from page 8 Codes of Pakistan and further NDMA entered into a said that the Chinese working in Sindh are being provided

years. He said these projects have opened new avenues for The Interior Ministry was notified by Interpol about Memorandum of Understanding (MOU) with Pakistan Security, The police issue them security advisories through

development and prosperity of the region. He said Pakistan the decision through a letter that stated the refusal. Engineering Council in October 2015 for preparation of the private companies and through the diplomatic missions.

has also taken a number of initiatives for connectivity with holistic Life and Fire Safety Provisions." It was also pointed out that Chinese were working in 72

the Central Asian states through Afghanistan, Iran and Previously, the MQM founder and chief of MQM "Funding for the development of these provisions was different companies. The companies have also been taken

china through landmark China Pakistan Economic London chapter was freed by Scotland Yard in money also arranged by NDMA. These Fire Safety Provisions, pre- into confidence to take necessary measure for their security.

Corridor project. laundering probe. pared by a High Level Task Force were formally approved IG police AD Khowaja said that on the new instructions of

To a question, he said that Pakistan wants peace in Meanwhile, a report from Karachi says that an anti- by the PEC Governing Board and vetted by the Ministry of Sindh Chief Minister he has recruited 16000 policemen

Afghanistan and is ready to take all possible steps in this terrorism court (ATC) on Monday ordered to place Law and Justice," he said. purely on merit and 10,000 of them have been provided spe-

regard. He said it is the responsibility of Afghanistan not to names of Mutahida Qaumi Movement (MQM) leader He informed that, "The Building Codes of Pakistan were cial trainings by Pakistan Army. They are also a good force.

allow anyone to use its soil against Pakistan. He said Farooq Sattar, Amir Liaquat and Khalid Maqbool on formulated in 1986 and later modified in 2007. Those Chief Minister Syed Murad Ali Shah said that in some of

Pakistan is taking all possible security measures and Exit Control List (ECL) in a case pertaining to attack on building codes did not have the provision for Life and Fire CPEC projects, residential colonies and villages are being

expects Afghanistan to join Pakistan in the journey of media houses and provocative speeches by the party's Safety, fire prevention, life safety in relation to fire and fire affected but the affected people would be given compensa-

progress as a good neighbor. London-based chief Altaf Hussain. protection of buildings and structures." tion. " In Thar not only compensation has been given but a

Answering a question, he said that Pakistan has achieved The accused were declared proclaimed offenders by "All the buildings in the public and private sector thus model village was being built to provide affected people

great successes in the war against terrorism and this shows the court last year. were devoid of structure fire prevention. Fire prevention homes, health and educational facilities," he said.

the commitment of the political and military leadership and Muttahida Qaumi Movement, the political party that arrangement was made on adhoc basis without any national Talking about Karachi Circular Railway, the chief minis-

people of the country. dominates Pakistan's largest city, faced one of the most regulatory framework/code. With the introduction of these ter said that some people have constructed katcha and pacca

To a question, he said that Pakistan is fully connected serious crackdowns in its history in August last year first ever Fire and Life Safety Provisions, in Building Code, houses along the route. He added that his government

with the world and the ECO summit is its practical exam- after an inciting speech by its exiled leader in London this present shortcoming would be overcome," he said. would give compensation to those affected people who hold

ple. He said no country or group can isolate Pakistan. He led to a night of violence followed by the detention of Chairman NDMA Asghar Nawaz and Chairman Pakistan old settlements.

said Pakistan will continue its commitment for the progress senior party members and shutdown of its headquarters. Engineering Council (PEC) Engr. Jawed Salim Qurashi pre- The chief minister decided to establish close coordination

of the region and the world as well. The authorities closed the MQM's headquarters Nine sented the Fire Safety Provisions 2016, Code Book to the between SSD and Sindh police for proper security arrange-

Meanwhile, the Senior Official's Meeting (SOM) preced- Zero after supporters of the party ransacked two televi- President. As a word of recognition of services, the President ments. - NNI

ing the 22nd Meeting of the Council of Ministers of the sion stations in a rampage that left one person dead and presented certificates of recognition to the member of the No #17 Continued from page 8

Economic Cooperation Organization (ECO) hosted by the eight injured. High Level Task Force constituted by PEC for the formula- Addressing the members of Security and Vigilance

Islamic Republic of Pakistan was held on 26-27 February The violence came after MQM's leader in exile, Altaf tion of the Fire safety Provisions. - NNI Committees of Aabpra, Kohsar, Bhar Kau, Bani Gala and

in Islamabad. Hussain, criticised Pakistan as a "cancer for the entire No #12 Continued from page 8 Secretariat areas, he asked to maintain high vigilance

The SOM Meeting was chaired by the Foreign Secretary world" and the "epicentre of terrorism" in a speech projects were located in Balochistan. around their surroundings and inform police in case of any

of Pakistan, Mr. Aizaz Ahmad Chaudhry. broadcast over loudspeakers to a crowd in the city from While discussing the PSDP proposals of Hydro-Carbon suspicious activity. SP (City) asked to cooperate with police

The Meeting was attended by Senior Officials from his base in north London, where he has run the party Development Institute of Pakistan (HDIP), the Committee and termed it mutual responsibility to ensure peace in the

Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyzstan, since the early 1990s. - NNI was informed that three projects of expansion, up-gradation society. "Islamabad is a peaceful city and it is our collective

Pakistan, Tajikistan, Turkey, Turkmenistan and Uzbekistan. and strengthening of HDIP infrastructure and testing facili- responsibility to maintain peace and endeavor collectively

The Secretary General of ECO, Halil Ibrahim Akca as well No #6 Continued from page 8 ties at Karachi and other major cities had been proposed to for the purpose," he maintained.

as representatives of the ECO Specialized Agencies and China is building a network of roads and power plants capacitate the Institute to effectively carry out its mandate. He said that our forefathers rendered great sacrifices for

Regional Institutions were also present. under a project known as China-Pakistan Economic The Committee was further informed that in order to test this country and it would exist forever. Everyone in the

The Senior Official Meeting deliberated, inter alia, on Corridor that is expected to absorb $46 billion in Pakistan Oilfields Limited (POL) products, imported and society whether young, old or other, it is mutual responsi-

issues such as the work plan of ECO, reports and recom- Chinese investment in the coming decades. produced indigenously, up-gradation and strengthening of bility to keep vigilant eye and help police to curb social

mendations emanating from sectoral meetings, follow up Gwadar port is located on the Arabian Sea and it occu- HDIP testing facilities was imperative. evils and crime from the society.

of the implementation of decision of the previous pies a strategic location between South Asia, Central The Committee after briefing by the representative of SP (City) asked police officials to contact him in case of

Ministerial meetings as well as preparation for 22nd COM Asia and the Middle East. Federal Investigation Agency (FIA) on theft of crude oil any problem and directed them to share their numbers with

and the 13th Summit. The Agenda for the 22nd ECO The port is also located at the mouth of the Persian from oil field in District Karak, KPK decided to summon members of these committees. He thanked all members for

Council of Ministers Meeting (COM), to be held on 28 Gulf, just outside the Straits of Hormuz. Chief Secretary and Inspector General of Police, KPK, attending the meeting who also assured full cooperation

February, 2017, was also finalized. China is seeking convenient and reliable access to the Commissioner Kohat Division, Deputy Commissioners and with police. SSP Islamabad in his message has said that

The Secretary General of the ECO presented a report Arabian Sea and the Indian Ocean. The new route gives District Police Officers of Kohat and Karak Districts and every citizen should share important information with

containing activities of the ECO since the 12th Summit of Representative of MOL in the next meeting of the police and enhance mutual cooperation for success against

China access to the Persian Gulf region and the Middle Committee to discuss the non-cooperation of Khyber criminals. - NNI

the Organization in the Republic of Azerbaijan. The SOM East. - NNI Pakhtunkhwa (KP) Police and MOL Company with Federal No #18 Continued from page 8

approved the ECO Vision 2025 and decided to place it No #7 Continued from page 8 Investigation Agency (FIA) in conducting the inquiry.

before the Council of Ministers meeting to be held on 28 The Representative of FIA briefed the Committee about the Council and office-bearers are held after every three years

February 2017. The Vision document outlines tangible proved beneficial for both Pakistan and Japan. He said progress on the inquiry. He informed that FIA was facing dif- and as per schedule, these were scheduled in August 2016.

goals for the Organization in various areas of cooperation that Pakistani mangoes were getting popular in Japan ficulties in conducting a thorough probe due to non-coopera- However, the elections were deferred due to unavoidable

including trade and transit in medium term. and added that Pakistani businessmen should study the tion of MOL Administration and KPK District Police. circumstances and uprising last year," the spokesman said.

The SOM agreed on text of Islamabad Declaration and Japanese market to get better penetration in it. He said that FIA did not have the authority to get the 65 "A resolution was moved by General Secretary

recommended its approval by the COM. Islamabad Katsunori Ashida that Japanese government would cases transferred from the police to FIA, therefore, the Muhammad Ashraf Sehrai in which it was suggested to

Declaration 2017 contains the salient points of cooperation provide a grant of Rs453 million for installing a 'face inquiry could not be brought to its logical conclusion. He extend the tenure of Chairman and its Executive. The move

among the members of ECO in the fields of connectivity, recognition system' at major international airports in informed that upon initial inquiry, private persons, MOL was supported by all members and later an amendment in

trade, transport, energy etc. Pakistan to improve security situation. Management, the oil transporters and local police were this regard was permitted. In a unanimous voice, all mem-

The Senior Officials appreciated the initiatives being pur- He said that preparations were underway to celebrate found equally involved into the theft. - NNI bers requested Syed Ali Gilani and Executive Council to

sued by the Organization in various sectors. The participants the 65th anniversary of Pak-Japan diplomatic relations continue and lead the party," the spokesman said.

also exchanged views on the ongoing activities and projects and many programs were being planned for this purpose. No #13 Continued from page 8 In his presidential address, Syed Ali Gilani said Tehreek-

and future program of action in various key areas. - NNI He said visit of Japanese students to Pakistan was being tax policy did not allow the industry to come up with its e-Hurriyet is not merely an organization but a movement

planned with their stay for few days in a Pakistani home business plans effectively. He said government had time and a revolution. "We are striving against India's forcible

No #3 Continued from page 1 so that they could get the better feel of Pakistani culture. and again assured the sector for giving it the status of indus- control, unification among Muslims and adoration of Islam.

The decision was taken after a high-level security hud- Speaking at the occasion, Khalid Malik, Senior Vice try which has never been materialized. He urged the gov- Social, political and religious aspects of Tehreek-e-Hurriyet

dle, following a string of targeted attacks across the President, Islamabad Chamber of Commerce and ernment to eliminate the element of double taxation in the are unique and since its inception, it has presented unparal-

country, particularly in the capital city of Punjab, which Industry said that both countries were enjoying good industry as well as different tax systems across the leled sacrifices. Our party activists during detentions are

claimed nearly 100 lives. political relations that should be translated into growing provinces as the service being provided was nationwide. exhibiting exemplary persistence in jails and interrogation

"Law and order committee, and provincial, federal trade and economic relations. Syed Ali Ahsan, Chairman All Pakistan Textile Mills centres," he maintained. - NNI

security institutions, decision to hold PSL Final in He said that many Japanese companies were doing Association (APTMA) Punjab, while highlighting the issues No #19 Continued from page 1

Lahore has been finalised," the Punjab government said successful business in Pakistan and more should come to being faced by the textile sector said that high cost of busi- "The 13th Economic Cooperation Organization summit

in a statement. explore opportunities of investment and joint ventures. ness, lack of institutional support, non-implementation of will be held Wednesday in Islamabad and president

"Foolproof security for PSL: 7000 police officials, 12 He said many Pakistani students were visiting Japan government polices as well as non-availability of raw mate- Rouhani will explain Iran's stance and views," he said.

SPs, 35 DSPs & 84 SHOs will perform duty at Qaddafi through students exchange programs and stressed that rial were some of the factor rendering the industry incom- "Iranian president will meet with heads of participating

stadium - Lahore Police," the Punjab government said. Japanese students should also visit Pakistan on regular patible in international and local markets. He lamented that states on the sidelines of the event. A number of ministers

"Pakistan wants to show everyone we are a peaceful the industry was not benefitted from the textile package that and advisors will also accompany Rouhani during the two-

basis. It would help in understanding each other's culture government had announced due to certain reasons. day visit," he added. Improving the conditions for the sus-

nation," PSL chairman Najam Sethi told reporters after & market as well as further strengthening bilateral trade Shahid Sattar, expert in energy sector exclaimed that the tainable economic development of member countries and

the announcement. "The nation has shown resolve and and economic relations between the two countries. present government had announced 20 points to revive the the gradual elimination of trade barriers as well as prepara-

courage…this would not have been possible without the Tahir Ayub Vice President ICCI stressed that Japan energy sector at its inception whereas only 3 of them have tion of joint programs for developing human resource of

support of the Pakistani people and the media. should enhance cooperation with Pakistan in agriculture been actually implemented. He said that the government member states are among the aims of the ECO.

Meanwhile, Punjab Law Minister Rana Sanaullah sector as both countries have good potential to promote must revisit its own manifesto so that it may come up with Iran, Turkey, Pakistan, Afghanistan, Turkmenistan,

revealed the itinerary of the final. trade in this field. Syed Nadeem Mansoor, Raja Abdul better policies on energy sector. Kyrgyzstan, Uzbekistan, Kazakhstan, Tajikistan, and

"We have prepared a security plan for the final. It Majeed, Saeed Ahmed Bhatti, Naveed Malik, Ms Nasira He said that government should consider the economic Azerbaijan are the 10 members of ECO. - NNI

8 Tuesday, February 28, 2017

Rs430bn ATC has issuedSattar, Amir Liaquat, Khalid put on ECL
issued for

social sector non-bailable
uplift projects warrant for
MQM founder
ISLAMABAD: The federal
ISLAMABAD: Chairman NDMA, Maj Gen Asghar Nawaz and Chairman PEC, Jawed Salim Qureshi presenting a copy of government has so far released ISLAMABAD: Anti-terrorism a provocative speech against
Building Codes of Pakistan Fire Safety Provisions-2016 to President Mamnoon Hussain, here at Aiwan-e-Sadr, Monday. Federal over four hundred and thirty Court has issued non-bailable Pakistan Army and state institu-
billion rupees for different arrest warrant of founder of tions on August 22, 2016
Minister for Science & Technology, Rana Tanveer Hussain is also seen in the picture. - PID photo social sector development proj- Muttahida Qaumi Movement prompting Rangers to launch
ects against a total allocation of on Monday, who is living in crackdown against the political
eight hundred billion rupees. London since 1992 in self- party in Sindh.
imposed exile.
The data released by Ministry Dozens of offices of the polit-
of Planning on Monday The court has instructed law ical organisation were bull-
showed over one hundred and enforcers to arrest the chief of dozed in Karachi and
eleven billion have been MQM London in three cases by Hyderabad among other Sindh
released to National Highway March 16. cities.
Authority (NHA) for infra-
structure and development The three cases registered Earlier last week, Interpol
projects against its total alloca- against him are under Anti-ter- refused to issue arrest warrant
tion of 188 billion. rorism Act and related sections of the party founder who has
in Kohsar Police Station, Bhara been alleged of receiving funds
Similarly, over one hundred Kahu Police Station and from Indian covert agencies
billion rupees have been Secretariat Police Station in the and sponsoring terror in
released for Water and Power federal capital. Pakistan.
sector projects.
MQM founder had delivered See # 5 Page 7
The government has also
Govt mulls Mamnoon tells launching ceremony of Building Codes released over fifty two billion China to set up
to reactivate rupees for Temporary 'automobile
Improve safety of Displaced Person. - NNI city' in Gwadar
vigilance old buildings, and
committees congested areas Army Chief KARACHI: Chinese investors industry to survive if China
Bajwa meets are contemplating to build a establishes an automobile city
ISLAMABAD: Security and ISLAMABAD: President pay attention to ensure protec- in by the experts of NDMA and Dubai rulers chemical and automobile city in Gwadar.
Vigilance Committees in Mamnoon Hussain on Monday tion of these facilities as well." Pakistan Engineering Council for in Gwadar under umbrella of
Islamabad has been reactivated called for measures to improve the formulation of the code. He DUBAI: Vice President and China-Pakistan Economic They have advised owners of
to share important information safety of old buildings and con- Mamnoon Hussain expressed said, "This will go a long way in Prime Minster of the UAE and Corridor (CPEC). local automobile industry to
and ensure alertness against gested areas satisfaction that, "The building saving the people and buildings Ruler of Dubai His Highness start joint ventures with Chinese
anti-social elements in the city. code has been prepared keeping from the hazards of fire." Shaikh Mohammad bin Rashid Sources linked to CPEC proj- as this would help in transfer of
He was addressing the in view our local conditions and Al Maktoum received today ect said on Monday that technology as well as flourish-
Following directions of launching ceremony of environment which would Chairman NDMA, Major General Qamar Javed Bajwa, Chinese authorities have ment of local industry.
Minister for Interior Ch. Nisar Building Codes of Pakistan- ensure it success." He hoped General Asghar Nawaz said Chief of the Army Staff of the already initiated paperwork on
Ali Khan, it has been asked by Fire Safety Provisions 2016 at that process of further improv- that, "The first ever Life and Pakistan Army, and his accom- said projects which reflects Earlier, China announced to
SSP (Operations) Sajid Kiani to the President House, Islamabad. ing these codes would continue. Fire Safety Provision for the panying delegation. their seriousness. set up a steel factory under the
reactivate these committees on existing Building Codes are CPEC apart from various other
modern lines and ensure their The President said that, "The Mamnoon Hussain urged the comprehensive based on According to a press state- Analysts say it would be dif- projects.
enhanced cooperation with code would be applicable to relevant institutions to ensure International Standards and ment issued by media office of ficult for local automobile
police. new buildings but there are implementation of the code and also customized to the environ- Dubai ruler, Deputy Ruler of See # 6 Page 7
more risks of fire in old and raise awareness amongst the ment of Pakistan." Dubai His Highness Sheikh
In this regard, meeting of dilapidated buildings due to people through the media about Maktoum bin Mohammed bin Ashida tells ICCI during his visit
Security and Vigilance hanging electricity wires and the utility of such laws. "It is expected that these Fire Rashid Al Maktoum was pres-
Committees operating in City other cables in areas of high and Life Safety Provisions ent at the meeting with COAS Pak could be next
Zone was held here at the population density." Speaking on the occasion, would bring a material differ- Bajwa. destination for
National Library on Monday Minister for Science and ence in defining building safety Japan investors
which was presided over by the He was confident that, "The Technology Rana Tanveer The statement said Sheikh
SP (City) Zubair Ahmed relevant departments will also Hussain appreciated the work put See # 11 Page 7 Mohammed and his guest dis-
Sheikh. The meeting was cussed ways of boosting bilat-
attended among by Assistant NA body on Petroleum eral relations and cooperation ISLAMABAD: Katsunori Pakistan were quite satisfied
Commissioner Secretariat between both nations as well as
Hassan Waqar Cheema, DSP a number of military issues and Ashida, First Secretary (Head and more Japanese investors
Bhara Kau Circle Arif Hussain, the region's status quo.
DSP Secretariat Ashraf Shah, of Public Affairs/Cultural could come to Pakistan if the
DSP Aabpara Fida Hussain See # 14 Page 7
Satti and itehr senior police adopts PSDP proposals Affairs), Embassy of Japan security situation was further
officials. Bilawal waits
for Panama Monday said that Pakistan improved.
SP (City) Zubair Ahmed decision to
Sheikh said that efforts are contest by-poll could be the next destination About free trade agreement
underway under the supervi-
sion of IGP Islamabad Tariq KARACHI: Chairman PPP for Japanese investors due to its between Pakistan and Japan, he
Masood Yasin and SSP Bilawal Bhutto Zardari has said
(Operations) Sajid Kiani to that he was waiting for the low labor cost and potential said that free-trade agreement
secure Islamabad by ensuring judgement of Supreme Court
protection to the lives and prop- ISLAMABAD: The Standing Planning and Reforms and Carbon Development Institute of into Panama case to contest by- market for business. (FTA) should be equally bene-
erty of the citizens. Committee on Petroleum and Finance Division for inclusion Pakistan for the year 2017-18. election.
Natural Resources Monday in the Federal Budget for year Exchanging views with busi- ficial for both countries and
See # 17 Page 7 approved budgetary proposals 2017-18. The Committee met The Committee was apprised This he said while talking to
relating to Public Sector under the Chairmanship of Ch. had project of Geological media just after inaugurating ness community during his visit should not give undue advan-
Gilani's term Development Program (PSDP) Bilal Ahmad Virk, MNA in Survey of Pakistan pertain to the 1.7 KM long Sir Aga Khan
as TeH chief of Ministry of Petroleum and Islamabad, Monday afternoon. evaluation of 3D Mineral bridge, the longest bridge on to Islamabad Chamber of tage to any one party.
Natural Resources for its Survey, Coal Bed Methane and River Indus at Jhirk-Mulakatiar
extended attached departments for the The Committee thoroughly Ground Water Potential and Monday. Commerce and Industry He said that Japan was ready
year 2017-18 amounting to discussed and scrutinized the investigations for Geothermal
SRINAGAR: The executive Rs.2172 million. budgetary proposals relating to Energy in Pakistan. The Replying to a question he (ICCI), he said Japanese to participate in CPEC if it
members of Tehreek-e-Hurriyet Public Sector Development Committee was further See # 15 Page 7
(TeH) Jammu and Kashmir The proposals would be for- Program (PSDP) of Geological apprised that the proposed investors doing business in See # 7 Page 7
passed a resolution to extend warded to the Ministry of Survey of Pakistan and Hydro- CPEC projects
the tenure of its Chairman Syed See # 12 Page 7 important for Dar chairs meeting
Ali Gilani by a year. at PBS to review
prosperity: census preparations
A spokesman of the Tehreek- Get rid of unpredictability CM Murad
e-Hurriyet in a statement in ISLAMABAD: Finance PM avoided
Srinagar said Monday that, ISLAMABAD: Sindh Chief Sehwan visit
"The meeting was presided in tax systems, govt urged Minister Syed Murad Ali Shah Minister, Senator Mohammad upon Sindh
over by Syed Ali Gilani at his has said that the projects govt's advice
Hyderpora residence." launched under CPEC are most Ishaq Dar here on Monday
important in terms of prosperi- ISLAMABAD: On responding
"All executive members par- ty of the country, particularly of chaired a meeting to review to the statements by Maula
ticipated and unanimously a Sindh, there these projects and Bakhsh Chandio, Finance
resolution was adopted and an the crew are being provided preparations for the upcoming Minister Ishaq Dar told that Prime
amendment passed, he added. appropriate security. Minister Nawaz Sharif avoided
ISLAMABAD: The experts industry and hence to boost private sector organizations housing and population census. visiting Lal Shahbaz Qalandar's
"Keeping in view the consul- representing various key sec- overall national economy. The working in/ for telecom, energy This he said while presiding
tative and democratic set-up, tors of economy have suggest- experts representing Telecom, and textile sectors and the over a meeting on Security of Chief Statistician, Pakistan See # 9 Page 7
elections to the Executive ed the federal government textile and energy sector said members of business and trade CPEC projects launched in
should redress the element of this during a high level pre- community including the office Bureau of Statistics (PBS) gave
See # 18 Page 7 unpredictable taxation policy, budget consultative meeting bearers of Chambers of See # 16 Page 7
lack of continuity across held by Sustainable Commerce and Industries from the Minister an update on the
provinces and irrational invest- Development Policy Institute Rawalpindi and Islamabad.
ment policies in energy sector. (SDPI) here on Monday. state of preparedness saying
Aslam Hayat, renowned
They were also of view that The consultative meeting was expert in telecom sector said that field work was being
these steps would be of funda- participated by the leading that unpredictability regarding
mental importance to revive stakeholders from public and undertaken at a brisk pace and
See # 13 Page 7
that census material was being

transported to different areas of

the country. He further said that

all arrangements including

See # 8 Page 7

Political vagueness leads market to bloodshed

KSE-100 Index sees an absolute bearish trend closing down by 487 points

Ghulam Raza Rajani Index decreased by 297.47 to end at participation with benchmark While small cap stocks namely ASL, age product to swing the mood in ascended by Rs 0.47 at Rs 10.51 on
32,868.84, KSE 30-Index descended KSE100 Index losing approx 1 per LOTCHEM, BOP led volumes, dent days ahead. Having said this, we con- 18.59 million shares and Bank of
KARACHI: Market observed sheer by 237.37 points to conclude at cent to settle near 48,500 levels. to the index mainly came from index tinue to recommend taking advantage Punjab declined by Rs 0.64 at Rs
massacre as more than 80 per cent of 26,354.86, whereas KMI 30-Index Stocks carried bearish momentum heavy Financials and Cements that of the current weakness and cherry 14.78 on 15.04 million shares
scrips traded in red zone. Political declined by 743.47 points to finish from Friday and continued to slip on corrected on reported institutional picking value plays with MSCI EM
uncertainty and confusion related to the day at 83,584.09 level. lack of positive triggers while selling. Steel makers came under names as our favored Buys. Other actives were Sui Northern
result of panama scandal case laid the investors both institutions and retail pressure on unconfirmed weekend Gas Pipeline reduced by Rs 5.29 at Rs
foundation to disaster. Icing on the The advance to decline ratio in the preferred to stay on the sidelines amid news of provincial court granting stay The ready market volume decreased 115.30 on 11.29 million shares and
cake was done by ongoing rift of bro- broader market remained in favor of anxiety over domestic politics. order on earlier decision to impose by 8.86 per cent to 250.99 million Azgard Nine Limited dipped by Rs
kers and SCEP regarding margin bears. Out of 407 scrips, 65 scrips Volumes in wider market were anti-dumping duty on Chinese shares as compared to 275.39 million 0.49 at Rs 8.83 on 9.11 million shares.
trading laws. advanced, 325 declined while the embarrassingly thin with only approx imports. In absence of major triggers shares traded on last trading day.
value of 17 scrips remained intact. 250mn shares exchanging hands on and caution over domestic politics, The overall market capitalization
The benchmark KSE-100 index KSE All Shares Index vs YTD aver- we see news flow from regulator's Aisha Steel Limited topped the list dipped by Rs 87.04 billion to Rs
closed lower by 487.25 point to close Faisal Bilwani at Elixir Securities age of over 400mn shares on a day. decision on rumored structured lever- of actives, decreased by Rs 1.25 at Rs 9.617 trillion against Rs 9.705 trillion
at 48,520.75 points. KSE All Share said Pakistan Equities closed first day 23.80 on 24.97 million shares, fol- observed on last trading day.
of the week negative on lackluster lowed by Lotte Chemical Limited
See # 10 Page 7

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